ESG and Sustainability

The United Nations Climate Change Conference (COP28) in Dubai closed with an agreement that signaled the beginning of the end of the fossil fuel era, by forging a just and equitable transition to renewable energy, underpinned by deep emission cuts and scaled-up finance [1]. ESG stands for environmental, social, and governance and encompasses a set of criteria used to measure the sustainability and ethical impact of a company’s operations. As ESG principles gain prominence across industries, they are not just a nice-to-have but have become a core necessity for businesses to thrive. Sustainability has become a key goal for CEOs across industries due to the convergence of stakeholder expectations, regulatory pressures, competitive advantages, and a broader recognition of the need for businesses to play a role in addressing global challenges. As CEOs prioritize sustainability, businesses are not only responding to external pressures but also recognizing the...