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Environmental, social, and governance (ESG) factors have gained significant attention in recent years as businesses and manufacturers strive to become more sustainable and responsible. As companies worldwide face mounting pressure to align their operations with ESG principles, they encounter various challenges that need to be addressed. The 5 biggest ESG challenges for businesses and manufacturers globally are: climate change, supply chain sustainability, social impact, data privacy and cybersecurity, and governance and ethics. These challenges require businesses to address environmental, social, and governance issues to promote sustainability and build trust.
In this article, we will explore the five biggest ESG challenges facing businesses and manufacturers globally and discuss strategies for overcoming them.