How manufacturers can create a sustainable business model

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In the wake of the sustainability deal signed by nations at COP28, environmental, social and corporate governance (ESG) has never been as important to organizations as it is now. However, for many companies, abiding by ESG regulations feels like an administrative burden, instead of an initiative designed to deliver business value.

Nevertheless, customer awareness of corporate sustainability and climate-responsible business is increasing, and so are the number of businesses consumers can pick and choose from, leaving manufacturing firms struggling to differentiate themselves. If they want to attract customers and investors, and in turn stay ahead of increasing competition, manufacturers must look beyond merely fulfilling sustainability regulations, and make tackling sustainability issues an imperative part of their business model.

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