ESG Principles: Why Manufacturers Must Embrace Sustainability
As ESG principles continue to gain prominence in the business world, adoption is no longer simply a good idea—it’s a necessity.
Large manufacturers increasingly demand that their suppliers also adhere to these standards, ensuring that goods are produced sustainably and that employees are held in high regard. As a result, small suppliers who do not incorporate ESG into their business model may risk losing their clients to competitors who have already made these changes.
But what exactly are ESG principles? ESG principles refer to a company’s environmental, social and governance practices. Environmental principles refer to a company’s environmental impact, including its carbon footprint, waste management and energy consumption. Social principles refer to a company’s impact on society, including employee welfare, diversity and inclusion and community engagement. Governance principles refer to a company’s internal policies and procedures, including transparency, accountability and risk management. Read More
ESG, SDG, CER, GRI, FSC, LCA, WELL Small Business, /small-business, entrepreneurs, small business, standard
Jorge Gonzalez Henrichsen, Forbes Councils Member