ESG Roadmap for the Manufacturing Sector

By: Sarthak Belekar, Priya Kumari, Anurag Bajpai and Shweta Shukla

Imagine a future where manufacturing is not just about products at scale; it is also about shaping a sustainable world. By embracing innovative solutions and integrating Environmental, Social, and Governance (ESG) practices, manufacturers can achieve a double win: securing long-term profitability while solidifying their position as responsible leaders.

Why ESG is Important : A Wider Impact?

In today's manufacturing landscape, integrating ESG principles is not just about ethics but has become a strategic necessity. ESG encompasses a company's commitment to environmental sustainability, social responsibility, and ethical governance. Manufacturers gain substantial benefits by prioritizing sustainability and resilience in terms of -

• Operational efficiencies
• Drive innovation, enhance brand reputation, and market differentiation
• Attract investors through transparency
• Foster a positive workplace culture

 In short, ESG is not simply good for the planet—the current socio-economic dynamics make it essential for long-term success. This can also be seen in some of the critical findings & surveys.

• According to a 2022 asset management firm Capital Group survey, 89% of investors consider ESG problems when making investment decisions. Investors' rising attention to ESG is a significant market force.
• According to a survey conducted by DBS and Bloomberg Media Studios in August 2022, 92% of Indian SMEs prioritize ESG implementation for their firms.

Indian manufacturers realize this transition and are acting. They consider ESG more than simply an ethical responsibility; it is a condition for participation in the global value chain.

As sustainability gains prominence in the manufacturing sector, manufacturers and investors need help navigating the roadblocks and progress towards their objectives. A few of the challenges are listed below:

Overcoming ESG Hurdles : A Roadmap to Success

While integrating ESG practices can be challenging, these hurdles are not insurmountable roadblocks. By understanding these challenges, manufacturers can take the initiative to unlock the significant benefits of sustainability. GreenTree Global provides consultancy services in sustainability, energy efficiency, and climate change, focusing on industries as one of its verticals, and offers comprehensive technical assistance to empower your ESG journey.

 Our experts can guide you through every step, from building a customized plan to navigating data collection and reporting complexities.

Why GreenTree Global : Leading the Way in ESG

Established in 2009 and headquartered in Noida, India, we have emerged as a leading force in the realm of sustainability for manufacturing. With a team of over fifty domain experts across different locations (Delhi NCR, Lucknow, Panchkula, Chennai, Guwahati, Mumbai, Vienna, East Riffa Bahrain, and Dhaka), the team boasts a strong industry and professional network. Their dedication to sustainability is evident in their impressive record, having executed over 900+ projects worldwide. These projects encompass various complexities, customization needs, and support requirements, displaying GreenTree Global's adaptability and comprehensive approach to sustainable solutions and ESG integration.

Demonstrating Commitment to ESG

Through our interactions with MSMEs, industry professionals, and industry associations across different clusters and states in India, we have gained valuable insights into the awareness levels and technical and financial understanding of industry officials and associations. Projects like Investment Bazar in various states by SDAs and the BEE, capacity-building training programs for bankers and financial institutions in the RE and EE domain under the GEF-UNIDO-BEE project, and business-to-business exhibitions and vendor interfacing events under the same initiative, have highlighted a strong need for an ESG framework in the sector.

Our experiences, reaching over 1,000+ participants and engaging with 1,800+ bankers and 600+ vendors through interactions across nineteen locations, position us to assert that integrating ESG is crucial for achieving overall sustainable benefits in the sector.

Ready to embark on your sustainable manufacturing journey?

GreenTree Global can be your trusted partner. Contact us today to discuss your specific needs and explore how our expertise can help you navigate the challenges of ESG integration and achieve long-term success in a sustainable future.