Even as the pandemic continues to interrupt supply chain operations worldwide, companies are rolling out more environmental, social and governance (ESG) strategies. What started as a set of criteria that socially-conscious investors used to screen potential investments has since spilled over into the broader business world, where consumers want to know that the companies they’re buying from are making strides with their ESG strategies.
“More and more consumers are practicing ethical consumerism,” Anil Ganjoo writes in Forbes. “They vote with their wallets by buying ethically made products that support small-scale manufacturers and local artisans and protect the environment, while refusing to purchase non-sustainable products.”
