Chemical manufacturing companies have to deal with a complex landscape of regulations designed for sustainability. Additionally, there is increasing scrutiny from stakeholders toward the way ESG initiatives and metrics are disclosed.
Failure to build an effective sustainability strategy and comply with regulations mean:
- Significant reputational damage in addition to fines and legal action.
- The inability to remain competitive in an evolving marketplace.
- Being a less attractive option for investors, customers, and employees.
Businesses will have to adopt a multi-pronged approach in their race to become more sustainable. Businesses have realized the benefits of technology-led circularity and the potential of providing credible, verifiable, and comparable ESG metrics. Choosing the right technology will help accelerate progress on sustainability.