The current value of the skin care product market is USD 130.85 billion, with the trend inclining an estimated value of USD 204.62 billion might be achieved by 2030. Due to its economic magnitude at a global level, the skin care products market is functioning positively in the sphere of ESG. Many players in the market are working on the components of ESG by including various goals such as making and executing net zero policies in manufacturing and including different ethnic and racial groups to its target audience.

Why is it important to have ESG?

The abbreviation ESG stands for environmental, social and corporate governance. It is a measurement that takes into account a company's social and environmental impact on the global community. It brings awareness to the different climate issues that are occurring and encourages businesses to adopt practices and policies that are better for the environment. ESG not only helps businesses by attracting a more diverse workforce to bring in new ideas, but it also helps businesses have a greater positive impact on our world.

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