The fast-food industry is one of the sectors, where leading players of the industry are aware of the impact of industry on environment and society respectively. The market in the pre pandemic era witnessed a surge in the demand, due to globalization and economic development, majorly in countries like India. However, post pandemic the growth of the market has stalled, to which a variety of factors such as the lack of physical contact between suppliers and consumers and the health consciousness among consumers have contributed.
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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