Sustainability and ESG related risks are beginning to have significant impacts on a business alongside other financial and non-financial risks in many industries. One such industry is the anti-aging Products industry. The market of beauty products is expanding exponentially resulting a boost in consumerism globally. Out of plethora of beauty products, anti-aging products have become conspicuous in the shelves of supermarkets. But to advance rapidly towards the United Nations’ Sustainable Development Goals (UN-SDGs), it becomes essential to delve into this market through the lens of ESG.
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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