ESG: A New Horizon

Abstract

The importance of the international economic meltdown, its negative consequences for growth and development, the repercussions of climate change, and global corporate scandals have all heightened stakeholder interest in ESG issues in recent years. Investors and international institutions have emphasized the importance of businesses in contributing to long-term sustainability. Companies, on the other hand, are taking a more proactive approach to integrate ESG aspects into the management system to gain various benefits in terms of cost, brand image, loyalty, risk management, etc.