New Standards of Excellence Climate change, pandemics, labour morality, and digital innovation are re-shaping the world of business. New consumer and investor values and behaviours are driving new definitions of business excellence. In particular we see the emergence of Environmental, Social and Governance standards (ESG) in a fast moving digital world. ​NZBEF brings this new world to you. A world where excellence will be assessed and reported in new ways, to ensure consumer values are delivered, and old frameworks of excellence are challenged.