What is ESG?
ESG or ‘Environmental, Social, and Governance’ is a set of standards that refers to the three main criteria for measuring sustainability. ESG is often used as a key indicator for making investment decisions in business and serves as a reference for companies reporting their business impact. As issues such as climate change, ethical supply chains, environmental degradation, and global welfare become increasingly critical, ESG has quickly become a focus as more and more investors, regulators, and other stakeholders are now committed to conducting business in ways that actively contribute to addressing these issues. Therefore, ESG has become a globally recognized investment decision consideration and is increasingly becoming a key focus of company strategy and operational agendas.
People
Resolve to eliminate poverty and hunger in all forms and aspects, ensuring that everyone can realize their potential in a dignified, equal, and healthy environment.
Planet
Determined to protect the Earth from degradation, including through sustainable consumption and production, sustainable management of natural resources, and urgent action on climate change, so that it can meet the needs of present and future generations.
Prosperity
Determined to ensure that everyone can enjoy a prosperous and fulfilling life, and to ensure that economic, social, and technological progress coexist harmoniously with nature.
Peace
Determined to promote a peaceful, just, and inclusive society free from fear and violence. Without peace, there can be no sustainable development, and without sustainable development, there can be no peace.
Partnership
Determination to mobilize the means required to implement this Agenda through a revitalised Global Partnership for Sustainable Development, based on a spirit of strengthened global solidarity, focused in particular on the needs of the poorest and most vulnerable and with the participation of all countries, all stakeholders and all people.
ESG in the plastics and polymers industry
Due to the increasing awareness of environmental protection and the constantly changing expectations of stakeholders, the plastic industry is at a critical moment. This white paper delves into the important role of environmental, social, and governance (ESG) considerations in ensuring the sustainable success and transformation of industries.
