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.

Defining ESG:

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

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