Integrating ESG into decision making and business strategies contributes to an effective due diligence and a better investment decision for the company as well as relevant stakeholders. The companies which fall under the handbag industry have been transitioning and addressing their sustainability progress and agenda. The demand for handbags is driven by increasing brand awareness and surging number of women in workforce. Various stakeholders or consumers have been very much particular about material sourcing, whether the materials have any negative environmental impact ranging from fabric, lining, pockets, zippers or adjustable strap and embellishments.

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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