The concept of sustainable business practices is gaining traction on a global scale. Investors and customers alike are placing a greater emphasis on sustainability and green business initiatives. As a result, companies around the world are being forced to innovate, or risk falling behind their competitors and out of favor with customers and investors.
The emergence of Environmental, Social, and Governance (ESG) criteria has bridged the information gap between companies and investors, making potential investors aware of a company’s energy use, waste, pollution, and conservation of natural resources. Gone are the days where investors are merely concerned with financial gain. Instead, many investors are today concerned with what is known as the ‘Triple Bottom Line’, which measures a company from a social, environmental, and financial perspective.
Additional blog posts will follow this week that will delve into specific issues within the topic of business sustainability. Stay tuned to the globalEDGE blog to learn more about Environmental, Social and Governance Criteria, the evolution of sustainable business practices in Asia, cap and trade programs, and the integration of renewable energy into business strategy.