The current trend of investments is impacted by the introduction of policies in areas of Environment, Social and Governance and the intense implementation of such policies.The specialty chemicals industry is one of the highly demanded markets, the products have high applicability across various ranging from automotive to food and beverage and personal beauty care markets. Unlike the chemicals, the specialty chemicals have only specific use to the industry which they are used in, which impacts the market in the terms of ESG. There is positive impact in the social sphere of the ESG, while negative impact in the environmental aspect of ESG of the market.

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.

Read More @ https://astra.grandviewresearch.com/specialty-chemicals-industry-esg-outlook
 

comments (0)

246 more from latestmarketnews