Revamping The ESG Market

usinesses are now explicitly balancing profit with a stated public benefit, like creating jobs with inclusivity or restoring environmental ecosystems .

- Akanksha Sharma, Global Head, ESG, Sterlite Technologies

IN RECENT YEARS, businesses have made commendable efforts towards committing to environmental, social, and governance (ESG) goals, the commitment to reorienting business toward ‘doing well by doing good.’ A growing number of investors and business leaders are on a journey to become sustainable, inclusive, and socially responsible. Investors with billions and trillions of assets have signed on to the United Nations Principles for Responsible Investment, which advocates for a greater focus on ESG issues in investing.

While there is increased regulatory attention on environmental and social hazards, and increasing customer preferences for sustainable products, businesses have been turning towards sustainable, resilient, ethical, and transparent supply chains. Businesses are now explicitly balancing profit with a stated public benefit, like creating jobs with inclusivity or restoring environmental ecosystems. While they incorporate sustainability into the core of their strategy while rethinking their business models, let us look at some ESG trends that will impact businesses in 2022.

Transitioning from ‘Net Zero’ To ‘Climate Positive’