The non-financial parameters consisting of Environment, Social, and Governance (ESG) have become a priority factor for business stakeholders contributing to the identification of materials risks and growth opportunities resulting in responsible investing. The integration of ESG in the Textile sector has rapidly increased since 2020, thereby delivering a real impact by maintaining and reducing its carbon footprint.
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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