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Sustainability and DEI are two popular issues in the corporate world, where companies come under scrutiny if they are not making an effort to be more inclusive and responsible.
This is because of the added focus on a company's
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Sustainability in business refers to implementing the CSR model to improve your ESG.
For example:
Benefits to the company:
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With so many benefits, it's profitable for companies to appear sustainable. Companies spend much time to seem as if they're doing a lot for the environment rather than making a real difference.
They are aware of the PR benefits of appearing like they're a sustainable business, but the company doesn't practice it. This is named greenwashing.
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A company that is greenwashing use vague language and consistently releases press articles about the great work they're doing, but there is no evidence to back up these claims. For example, BP spent millions on an ad campaign about renewable energy, but everything else they did was bad.
Companies use jargon and scientific talk to confuse the audience to make it seem like they're doing complicated work.
If you're truly interested in a company and its actual ESG status, research their owners and use your own research to validate their claims.
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