How manufacturers can create a sustainable business model

In the wake of the sustainability agreement signed by countries at COP28, environmental, social and corporate governance (ESG) has never been more important for organizations than now. However, for many companies, complying with ESG regulations feels like an administrative burden, rather than an initiative designed to create business value.

Nevertheless, customer awareness of corporate sustainability and climate responsibility is increasing, as is the number of companies from which consumers can choose, leaving manufacturing companies struggling to differentiate themselves. If they want to attract customers and investors and in turn stay ahead of increasing competition, manufacturers must look beyond simply meeting sustainability regulations and make addressing sustainability issues a necessary part of their business model.