ESG: Integration of LCA and ESG

The traditional idea of corporate success is changing significantly as the business environment continues to change. An organization’s purpose is becoming a more significant lens through which to examine it. Therefore, in order to create long-term value, it is important to take an action-oriented strategy and put ESG (environmental, social, and governance) theory into reality. ESG considerations are essential and can provide a company with significant non-financial and financial benefits. A lot of investors utilize ESG as a framework to comprehend how a firm conducts business, behaves ethically, is responsible to the community, and performs on many sustainability and ethical concerns. They can assess their potential future investments in the company using this criterion. 

According to an RBI analysis, even in the midst of extraordinary market events like the pandemic shocks, major listed domestic companies with an active ESG framework have outperformed their peers in the general market. Research has shown that organizations that prioritize environmental sustainability (ESG) tend to exhibit superior operational efficiency, reduced employee attrition, enhanced creativity, robust governance, lower compliance expenses, and superior risk management.