THE word "sustainability" is a buzzword these days, used by many in different aspects of our day-to-day lives. In business, sustainability is a key word that companies use to create roles and job scopes to ensure that sustainability remains embraced and fostered. In retail, sustainability is a key marketing concept that lures customers, especially the young digital natives who have access to information early in their lives, to look twice and eventually purchase. In food, sustainability supports what we call a planet-based diet ― signifying the strong linkage between food and our environment.
Sustainability is also a key component of environmental, social and governance (ESG) considerations, and we have seen this as a key aspect of corporate strategy in recent years. Companies around the world are increasingly recognizing the importance of incorporating ESG principles into their operations, as they are integral to enhancing long-term value creation, fostering sustainable growth, and mitigating risks. There is obviously a growing significance to ESG as a value proposition for companies, elucidating how embracing ESG principles can lead to improved financial performance, enhanced reputation, and a positive impact on society and the environment.
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