ENVIRONMENTAL social and governance (ESG) principles have emerged as a transformative force since these were introduced several years ago, pushing companies to consider broader impacts beyond financial returns. The aim is to create a sustainable and equitable future by addressing environmental issues, social responsibilities and governance practices.
But as of now, have we felt any momentous change in corporate behavior and societal outcomes? It may not always be as significant as desired for several reasons, and the "tragedy of the commons" is one of those factors to consider.
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