The current trend of investments is impacted by the introduction of policies in areas of Environment, Social and Governance. The inadequacy in the conventional banking system has led to the development of the digital payments industry. The key leaders of the industry have aimed at reducing the inadequacies in the conventional banking system, where no frauds or crimes related financial transactions take place.
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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