Background
In this era, the concept of “Dao” (道) goes beyond merely legality and compliance. It also includes the need to contribute to society and the environment, aligning with the mission of global sustainable development to achieve both fame and fortune.
The Path of the New Era
According to the survey results, as of October 2022, in response to the frequent extreme weather events in recent years, more than 130 countries worldwide have pledged to achieve net-zero emissions by 2050, to control global warming within 1.5 degrees Celsius. In fact, environmental, social and governance (ESG) issues and corporate sustainability are among the hottest topics in business today. However, in the face of macroeconomic challenges, such as the US-China trade war in 2018, the COVID-19 pandemic from 2020 to 2022, inflation, rising interest rates, and liquidity crunch, many companies are still struggling to solve current pressing issues, such as Stable supply and create cash flow.
ESG and other sustainability issues are often viewed as brand-building projects that simply create costs for the company without profitability, making them unworthy of immediate attention from management. In fact, we believe this is a result of the geographical spread of ESG concepts and differences in the maturity of sustainability awareness among different companies. In a changing global environment, how should we navigate the path ahead? We believe that companies must understand the concept of ESG practices in order to move smoothly and smartly.
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