Increasing expansion in consumer preferences have resulted in growth of many industries. This is a direct threat to sustainability and ESG related precautions. One such consumer extensive industry is that of Baby Products. Companies have tried innovation in this market from food products to baby skin care products. The question that arises here is, are all these products that are being produced in the name of babies safe? Also, from the lens of Sustainable Development Goals 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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