The world is currently facing various challenges related to sustainability, including climate change, resource depletion, and social inequality, etc. These issues impact how people live and profoundly affect the operations and development of numerous global businesses. Companies must incorporate sustainable business approaches and balance economic growth while addressing issues related to sustainable operations. These have become challenges for companies worldwide nowadays.
According to the findings from PwC’s 2023 Global Consumer Insights Pulse Survey, more than 75% of consumers are willing to pay a higher price for products due to factors like the use of eco-friendly materials and traceable product sources. This indicates a rapid increase in consumer awareness of ESG in recent years. In this trend, businesses looking to stand out in a competitive market must adopt proactive sustainability strategies.
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