The ESG premium has once again surfaced as most critical. ESG stands for Environmental, Social and Governance issues. Management consulting giant McKinsey in its study found out that about eighty- three percent of C- suite leaders surveyed expect ESG values to contribute more to their business in the next five years. Among them, it is environmental programmes that are set to have the greatest long- term value. Regarding complying with the regulations, there isn’t much of a difference between B2B or B2C companies. But when it comes to putting in place a long term corporate strategy, it is the latter than tend to significantly do well. Overall, more needs to be done in this regard. B2B players though are doing better in creating new revenue streams by leveraging the ESG parameters.

Source:https://www.mckinsey.com/business-functions/sustainability/our-insights/the-esg-premium-new-perspectives-on-value-and-performance

Uploaded Date:31 March 2020