Financial gains cannot trump environmental concerns in the long run.
You probably think of Tesla as an EV manufacturer. But did you know that up until very recently, it didn’t rely on car sales to reach profitability — but on the selling of emissions credits to competitors?
This is just one example of how ESG is rewriting the rules of just about every industry — very likely including your own — to reflect the mindset of the 2020s instead of the 1970s. We are leaving the era of “profit at any price” behind and ushering in a new paradigm: capitalism with a conscience.
ESG is a battery of value-based metrics taking a broad array of “soft” factors into account, including sustainability and ethics.
ESG will continue transform business in the coming decade — and how your organization can not only survive but thrive at the intersection of profit and purpose.