Unlocking the Potential: Biomass Power as a Key ESG Solution

 “Carbon neutral, renewable and prevalent” has become synonymous with biomass power. Fossil fuel and industrial processes contribute 65% of greenhouse gas emissions, notes U.S. EPA. Biomass has emerged as an invaluable alternative to petroleum, coal and natural gas. Advanced wood-burning stoves, fireplace inserts and pellet stoves can reduce the amount of particulates from burning wood. 

Industry leaders have furthered their focus on sustainability, workplace diversity, sound corporate behavior, transparency and ethics & compliance. Burgeoning demand for electricity generation, heating and transport fuels has furthered the demand for biomass power, a trend likely to shape the environmental, social and governance (ESG) performance and goals.

An uptick in biomass production has posed challenges and opportunities to provide products and technologies underpinning social and governance pillars in tandem with business activities. Leading players are vying for environmentally friendly solutions for a sustainable future, preferring biomass fuel to coal-based products. In January 2023, Valmet announced converting two coal-fired boilers to boost biomass combustion for Veolia Group's subsidiary in Hungary. The Oroszlány power plant is expected to produce over 600 GWh of renewable electricity. A sustainable response to energy challenges will potentially be observed in the near term. 

Mitsubishi Heavy Industries Vies for Environmental Upsides

Global push to meet the sustainable profile has encouraged incumbent manufacturers to foster their decarbonization strategies with the reduction of water usage, waste generation and CO2 emissions. For instance, Mitsubishi Heavy Industries Group set an environmental target to decarbonize its business activity (scope 1 and 2) by 2040. In fiscal year 2023, the company expects to reduce water usage per unit by 7% and CO2 emissions per unit from plants and offices by 9%. The Japanese-based company has an interim target of minimizing scope 1 & 2 emissions by 50% by 2030 (compared to 2014 levels); and reducing scope 3 emissions by 50% by 2030 (compared to 2019 levels). 

Is your business one of participants to the Biomass Power Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices

Suez Fosters Diversity Culture and Workplace Safety

The need for a workplace environment that underpins social independence and reduces the gender pay gap help companies enhance their ESG rankings. In essence, boosting skills and employee engagement has become a go-to strategy to stay ahead of the curve. Suez is gearing up to leverage 5,000 people annually to gain from vocational integration programs. It also aims for zero serious accidents in occupational health & safety. Additionally, the company is bullish on eliminating the gender gap, with the target of 40% women in management positions by 2027. In 2021, the France-based utility company introduced WO&MEN network to promote gender equality and diversity and expedite shared experience. 

Xcel Energy Accentuates Governance for Clean Energy Goals

Investors, suppliers, manufacturers, employees, customers and other stakeholders rate sound corporate governance highly. To illustrate, Xcel Energy alludes that all the members are independent, non-employee directors (except the Chairman and CEO). The company’s state public utilities commissions gave a green signal to clean energy plans for Colorado and the Upper Midwest, helping retire remaining coal operations and minimizing CO2 emissions 80% by 2030. Its Governance, Compensation and Nominating (GCN) Committee has ESG-related issues and risks responsibility. Investor’s Business Daily, an American newspaper and website, predominantly ranked Xcel Energy among the 100 best ESG companies in 2022. 

The competitive landscape suggests stakeholders could inject funds into the circular economy, technological advancements, innovations, collaborations, mergers & acquisitions to further their ESG plans. The European Commission notes that biomass for energy contributes around 60% as the EU’s primary renewable energy source. Grand View Research reported the global biomass power market size at USD 121,340.76 million in 2021, which could depict a 6% CAGR between 2022 and 2030. 

Browse more ESG Thematic Reports from the Energy Sector, published by Astra - ESG Solutions

About Astra – ESG Solutions By Grand View Research

Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. - a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research

 

The Growing Significance of ESG in the Carbon Dioxide Industry

Carbon dioxide (CO2) emissions have become a pressing concern in today's world, with the ever-increasing threat of global warming and climate change. Industries across the globe are now looking for ways to address this challenge while achieving sustainable economic growth. One such industry that plays a pivotal role in combating CO2 emissions is the carbon dioxide industry itself. In this article, we will delve into the Environmental, Social, and Governance (ESG) aspects of the carbon dioxide industry, exploring the trends, challenges, and growth opportunities it presents.

The Importance of ESG in the Carbon Dioxide Industry

The carbon dioxide industry is instrumental in mitigating the impact of high CO2 emissions on the environment. To strike a balance between environmental concerns and low-carbon economic development, carbon markets (a trading system in which carbon credits are sold and bought) have been implemented by many industries. Notably, the oil and gas industry extensively utilizes CO2 gas for enhanced oil recovery. This process improves oil flow and reduces the viscosity of the produced oil. Consequently, the demand for carbon dioxide has surged globally, driven by increased investments in cutting-edge technologies, such as enhanced oil recovery and Carbon Capture and Storage (CCS).

Apart from its use in the oil and gas industry, carbon dioxide finds applications in various sectors. For instance, the medical industry utilizes CO2 in temporary respiratory stimulation and other medical applications. As the medical industry continues to grow, the carbon dioxide market is expected to witness substantial growth.

ESG Trends to Look Out For

The investment community is increasingly interested in leveraging carbon dioxide for the development of sustainable goods and services. The traction stems from the objective of (including but not limited to) reducing climate change and promoting a circular economy. Industry leaders are actively working towards improving the CO2 market by incorporating more environmentally friendly applications. Recent advancements in the industry aim to replace the use of toxic solvents and chemicals with CO2-based alternatives. Processes such as supercritical extraction, dry cleaning, and others utilize CO2 as a solvent, offering eco-friendly alternatives.

Moreover, the use of carbon dioxide in gaseous form can promote plant development in greenhouses, making plants more drought-resistant and water-efficient. The scalable application of CO2 offers climate benefits by utilizing low-carbon energy and replacing products with higher life-cycle emissions.

Is your business one of participants to the Carbon Dioxide Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices

Overcoming ESG Challenges

While ESG presents numerous opportunities for the carbon dioxide industry, it also poses challenges. The market faces low liquidity, limited financing options, inadequate risk-management services, and insufficient data availability. Additionally, the extraction, liquefaction, and transportation of carbon dioxide incur high costs. Solid form transportation is impractical and expensive, consuming more energy than other options. Pipelines emerge as a profitable transportation route for larger volumes of carbon dioxide. However, liquefying CO2 for ship transport and compressing it for pipeline transmission require significant electrical energy. Governments worldwide have developed standards for the safe transportation and storage of carbon dioxide, impacting transportation costs and posing policy and legal risks. 

To address prevailing challenges and meet the objectives of sustainability and economic growth, the creation of a successful voluntary carbon market is pivotal.

The Growth Trajectory of the Carbon Dioxide Market

The carbon dioxide market is experiencing significant growth, driven by various factors. In 2021, the market size was estimated to be USD 3.68 billion, and it is projected to expand at a Compound Annual Growth Rate (CAGR) of 7.3% from 2022 to 2030. The increased deployment of enhanced oil recovery technology, driven by depleting oil supplies and rising dependence on crude oil imports, particularly in the Asia Pacific region, contributes to the growth. Additionally, the food, beverage, and pharmaceutical industries are expected to witness a surge in the use of CO2 for various applications. Modified atmospheric packaging (MAP) frequently utilizes carbon dioxide to increase the shelf life of food products. Cryogenic freezing systems offer greater temperature flexibility compared to mechanical refrigeration systems, impacting the use of CO2 in the food and beverage sector.

Key Companies in the Carbon Dioxide Industry

Several key players operate within the carbon dioxide industry, driving innovation and sustainability. These companies play a vital role in shaping the industry's ESG landscape. Some notable companies include:

1. Acail Gás

2. Air Liquide

3. Air Products

4. Chemicals, Inc.

5. Greco Gas Inc.

6. Linde AG

7. Messer Group

These companies are involved in various aspects of the carbon dioxide industry, contributing to its growth and sustainability.

Conclusion

The carbon dioxide industry plays a crucial role in addressing the challenges posed by CO2 emissions. By embracing ESG principles, the industry can achieve sustainable growth while mitigating the environmental impact. ESG trends in the industry reflect a growing interest in eco-friendly applications of carbon dioxide, offering opportunities for innovation and market expansion. However, challenges related to liquidity, financing, and transportation costs must be addressed for the industry to reach its full potential. The Carbon Dioxide Industry ESG Thematic Report provides valuable insights into the industry's ESG landscape, empowering businesses and investors to make informed decisions and contribute to a sustainable future.

Need expert consultation around identifying, analyzing and creating a plan to mitigate ESG risks related to your business? Share your concerns and queries, we can help!

About Astra – ESG Solutions By Grand View Research

Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. - a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research

 

ESG Investing in the Wearable Medical Device Sector

The wearable medical device industry is revolutionizing healthcare by combining technology, innovation, and accessibility. These devices have the potential to enhance patient monitoring, improve treatment outcomes, and empower individuals to take control of their health. In this blog post, we will explore the Environmental, Social, and Governance (ESG) aspects of the wearable medical device industry and how it is advancing healthcare while upholding sustainable and responsible practices.

Environmental Impact:

The industry is increasingly focused on using sustainable and eco-friendly materials in the production of wearable medical devices. Companies are exploring options like biodegradable plastics, recycled materials, and low-impact manufacturing processes to minimize their environmental footprint. Wearable devices are designed to be energy-efficient, prolonging battery life and reducing the need for frequent replacements. By optimizing power consumption and utilizing rechargeable batteries, the industry promotes energy conservation and reduces electronic waste.

Social Responsibility:

Wearable medical device companies prioritize patient well-being by developing devices that are comfortable, non-invasive, and user-friendly. These devices empower individuals to actively participate in their healthcare, promoting patient engagement and improved health outcomes. The industry is working towards ensuring that wearable medical devices are accessible and affordable to a wide range of users. This inclusivity allows individuals from different socioeconomic backgrounds to benefit from these technologies, reducing healthcare disparities.

Governance and Ethical Practices:

Wearable medical device companies place a strong emphasis on protecting patient data. They implement robust privacy measures, secure data storage, and adhere to relevant regulations to safeguard sensitive information. ESG-conscious companies in the industry adhere to strict regulatory standards and demonstrate compliance with applicable laws and regulations. They prioritize patient safety, transparency, and ethical practices in their manufacturing, marketing, and distribution processes.

Is your business one of the participants in the Wearable Medical Device Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices

ESG Trends

- Wearable medical devices are appealing to investors due to their social and environmental benefits

- Companies in the industry promote digital well-being, promoting diversity, inclusion, and good health to every demographic group

- Top companies and start-ups in the space are improving home healthcare by engaging people in online mentoring and training programs

- Wristbands help in assessing body mass index through real-time tracking of activities and promoting continuous monitoring of chronic diseases and fertility cycles

- The sector delivers far-reaching advantages in achieving UN SDGs such as Good Health and Well-being and Gender Equality.

ESG Challenges

- High cost of maintenance for wearable medical devices is a major challenge for companies in the industry

- Expansion of distribution channels is critical for industry growth due to demand for self-monitoring and assessing devices

- Investors are focusing on investment opportunities to create digital frameworks to promote good health and well-being

- Major wearable medical device companies have strategies to advance access to digital ownership and economical access to internet support.

Growth of Wearable Medical Device Market

In 2021, the global wearable medical device market size was valued at USD 21.3 billion and is expected to expand at a compound annual growth rate (CAGR) of 28.1% from 2022 to 2030. In 2020, North America recorded a major revenue share of 38.1% within this region, corresponding to the expansion in the popularity of cardiovascular disorders, cancer, and diabetes.

For the Asia Pacific region, the market is looking forward to observing the exponential increase over the speculated period with the major factors in this region being the affirmative government strategies for the utilization of wearable medical devices, rise in the geriatric population group, and enhanced healthcare expenses.

Key Companies in this theme

•          Philips Electronics
•         Fitbit
•          Basis Science
•          Garmin
•          Covidie

The wearable medical device industry is at the forefront of healthcare innovation, leveraging technology to improve patient monitoring and empower individuals to actively manage their health. By embracing ESG principles, this industry demonstrates a commitment to sustainability, social responsibility, and ethical governance. As consumers, healthcare providers, and investors, we can support this journey by advocating for sustainable and accessible healthcare solutions, demanding data privacy and security, and choosing wearable medical devices that align with our ESG values. Together, we can drive positive change and shape a healthier and more sustainable future for healthcare.

Browse more ESG Thematic Reports from the Healthcare Sector, published by Astra - ESG Solutions

About Astra – ESG Solutions By Grand View Research

Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. - a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research

The Importance of Waste Recycling Services in Achieving ESG Goals

Welcome to our ESG-focused blog, where we delve into the Waste Recycling Services Industry and its journey towards sustainability. As the world grapples with the challenges of waste management and environmental conservation, it is crucial for this industry to prioritize Environmental, Social, and Governance (ESG) considerations. Let's explore the key aspects of ESG that the Waste Recycling Services Industry should embrace.

Environmental Sustainability:

The Waste Recycling Services Industry plays a critical role in minimizing waste, conserving resources, and reducing environmental impact. By investing in advanced recycling technologies, optimizing waste collection and sorting processes, and promoting circular economy principles, companies can contribute to a greener future.

Social Responsibility:

Promoting social inclusion and community engagement is vital for the Waste Recycling Services Industry. By creating employment opportunities, supporting local communities, and collaborating with stakeholders, companies can generate positive social impacts and foster sustainable development.

Governance and Ethics:

Transparent and ethical practices are essential for building trust and credibility within the Waste Recycling Services Industry. Adhering to regulatory requirements, ensuring responsible waste disposal, and prioritizing health and safety standards are crucial aspects of governance that companies should prioritize.

Is your business one of the participants in the Waste Recycling Services Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices

Growth of the Waste Recycling Services Market

The global waste recycling services market size to be valued at USD 81.3 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% during the forecast period. During the forecast period, it is expected that growing consumer awareness of the advantages of waste recycling will have positive impact on the market growth.

The adoption of strict rules has accelerated waste recycling research and development efforts, which is anticipated to foster market expansion throughout the forecast period. There have been many different disposal methods and procedures developed because of growing knowledge about the importance of efficient waste disposal for the protection of both human and animal health.

High levels of toxic substances found in trash, including metals and salts, have forced waste-generating businesses to promptly recycle or dispose of the material. Global domestic housing demand is expected to be driven by urban population expansion and rising disposable incomes. Improvements to the housing market will therefore increase the uptake of these recycling services, which will in turn spur market expansion over the projection period.

Key Companies in this theme

    • Eurokey recycling ltd.

    • Northstar recycling

    • Triple M Metal LP

    • Amdahl corp.

    • Interface inc.

    • Covanta

Browse more ESG Thematic Reports from the Technology Sector, published by Astra - ESG Solutions

About Astra – ESG Solutions by Grand View Research

Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. - a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research

ESG Reporting in the 5G Services Industry

Integrating ESG into decision making and business strategies contributes to an effective due diligence and a better investment decision for the company as well as relevant stakeholders. The companies that fall under the 5G services industry have been transitioning and addressing their sustainability progress and agenda.

This segment has more social impact compared to environmental impact. Accessibility has been the primary focus of this market is to provide high quality services, solutions and optimal attention to people, profit and planet. These companies also disclose their own data privacy and protection policies which ensures security for customer’s personal information. This safety is also accompanied by technological advancements like big data, Internet of Things (IoT) and Artificial Intelligence.  Stakeholders are also concerned about the negative health impact of 5G services due to its carcinogenic nature.

During the COVID-19 pandemic, this market had been significantly impacted with increased use of the internet by professionals and students alike. The United Nations’ Sustainable Development Goals (UN SDGs) is a comprehensive framework that helps companies in this market obtain a perspective on the impact of their products and operations on ESG parameters.

Discover more regarding the practices and strategies being implemented by industry participants in the 5G Services Industry ESG Thematic Report, 2023, published by Astra ESG Solutions

In this blog, we delve into the importance of ESG in the 5G services industry and how it can drive positive change.

Environmental Sustainability:

The 5G services industry has the opportunity to lead the way in environmental sustainability. By prioritizing energy-efficient infrastructure, optimizing network operations, and leveraging renewable energy sources, companies can reduce their carbon footprint and minimize environmental impact. Sustainable practices can pave the way for a greener digital future.

Social Inclusion:

Ensuring digital inclusion is a critical aspect of the 5G services industry's ESG journey. Companies must work towards bridging the digital divide by providing affordable and accessible 5G services to underserved communities. Promoting digital literacy programs and addressing connectivity challenges can empower individuals and promote social equity in the digital era.

Governance and Ethics:

Strong governance and ethical practices are fundamental for building trust and ensuring responsible growth in the 5G services industry. Companies should prioritize data privacy, security, and transparent data governance. Compliance with regulatory frameworks and industry standards, along with responsible supply chain practices, can foster a culture of integrity and accountability.

ESG Trends

- Accessibility to all through 5G services is a vital trend in ESG, with companies focusing on reducing inequalities and providing faster internet access to consumers.

- Companies in this segment are innovating through big data, AI, and IoT, and adopting circular economy practices to reduce energy consumption and waste production. However, the 5g services industry is reported to have a negative health impact on health and wellbeing, with limited carcinogenicity compared to higher frequencies like FR1.

ESG Challenges

- Cyber security and data privacy are major challenges for the segment in terms of personal data and financial transfers.

- Lack of infrastructure and bandwidth is a major reason why some countries did not proceed with 5G services, and price transparency is a concern for only tech-savvy patients. 

- 5G deployment requires meeting National investigation agency criteria and obtaining licenses from UASL, CMTS, or UL, as well as addressing negative impacts on health, animals, and biodiversity.

Is your business one of the participants in the 5G Services Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices

Growth of the 5G Services Market

The 5G Services market has been flourishing along with new innovative spaces like big data, AI, IoT etc. Incorporating technologies to mitigate negative health impact for People and the planet should be critical areas of interest for this segment in order to sustain in this market. Joint effort from industries and telecommunication authorities of countries across the world who don't have access to such technologies must also be propelled to retain market value.  This market has been valued at 48.25 billion USD in 2021 and is expected to propel to a massive 56.7% compound annual growth rate.

Key Companies in this theme

• T&T, Inc.

• BT Group plc 

• China Mobile Ltd.

• China Telecom Corporation Ltd.

• Bharti Airtel Ltd.

• NTT Docomo

• KT Corp.

• Saudi Telecom Company

• Vodafone Group

• Deutsche Telekom AG

• SK Telecom Co., Ltd.

• Verizon Communications, Inc.

• T-Mobile USA Inc.

• Rakuten Mobile Inc.

The 5G services industry has the potential to shape a sustainable, inclusive, and responsible digital future. By prioritizing environmental sustainability, social inclusion, ethical governance, responsible innovation, and transparency, the industry can unlock its transformative power while safeguarding the planet and benefiting society. Let's work together to ensure that 5G services drive positive change for all.

Browse more ESG Thematic Reports from the Technology Sector, published by Astra - ESG Solutions

About Astra – ESG Solutions by Grand View Research

Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. - a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research

The Role of ESG in the Fast-Food Quick Service Sector

Integrating ESG into decision making and business strategies contributes to an effective due diligence and a better investment decision for the company as well as relevant stakeholders. Companies which are focused on the Fast-food quick service industry have been disclosing ESG data and strategies.

The companies which fall under this segment have both social and environmental impact. As it is a segment involving food, food safety and quality has been the dominant factor in which stakeholders are giving importance. Companies offer various programs and campaigns to showcase their quality and safety throughout their value chain abiding by frameworks and guidelines. Fast food generally isn't considered to be in the category of healthy diet, there are a lot of long term and short-term negative health impacts. Food Waste Management and package waste Management which are going to be landfilled or dumped into water bodies have been a critical agenda for most of the companies. Companies are also shifting to recyclable packaging and have targets to indicate their progress to attain sustainable packaging.

The United Nations’ Sustainable Development Goals (UN SDGs) is a comprehensive framework that helps companies in this market obtain a perspective on the impact of their products and operations on ESG parameters.

Discover more regarding the practices and strategies being implemented by industry participants in the Fast-food Quick Service Industry ESG Thematic Report, 2023, published by Astra ESG Solutions

This blog explores how the industry key players are embracing sustainability and social responsibility, making positive changes that benefit both the planet and consumers.

1. McDonald's Corporation:

McDonald's, a global fast-food giant, is committed to sustainability across its operations. The company is working towards sourcing sustainable packaging and aims to reduce emissions intensity. McDonald's also focuses on responsible sourcing, waste reduction, and renewable energy.

2. Yum! Brands:

Yum! Brands, the parent company of KFC, Pizza Hut, and Taco Bell, is dedicated to sustainable practices. The company is striving to source ingredients responsibly, reduce greenhouse gas emissions, and promote responsible waste management.

3. Chipotle Mexican Grill:

Chipotle is known for its commitment to sustainable sourcing and ethical practices. The company prioritizes locally sourced, organic, and non-GMO ingredients, implements recycling and composting programs, and emphasizes animal welfare standards.

4. Our Recipe, LLC:

Our Recipe, LLC is the parent company of Popeyes Louisiana Kitchen, known for its Cajun-inspired fast-food offerings. While specific ESG initiatives of Our Recipe, LLC may vary, the company has been focusing on sustainable sourcing practices, responsible packaging, and waste reduction. They have also made commitments to community engagement and employee welfare.

5. Ark Restaurant Corp.:

Ark Restaurant Corp. is a hospitality company that operates a diverse portfolio of restaurants, including quick-service establishments. While information specific to Ark Restaurant Corp.'s ESG initiatives may not be readily available, the company has the opportunity to implement sustainable practices within its quick-service operations, including responsible sourcing, waste management, and community engagement.

6. Restaurant Brands International Inc.:

Restaurant Brands International Inc. (RBI) is the parent company of renowned fast-food chains, including Burger King, Tim Hortons, and Popeyes. RBI has been actively addressing sustainability and social responsibility across its brand portfolio. The company has set goals to source sustainable ingredients, reduce greenhouse gas emissions, conserve water, and improve waste management. RBI also emphasizes responsible sourcing and community engagement.

Is your business one of the participants in the Fast-food Quick Service Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices

ESG Trends

• Fast-food quick service sector is focusing on food quality and safety through various programs and campaigns

• Legal bodies like FDA, FSSAI, and EFSA are framing regulations for better quality and safer food products

• Total Quality program is a part of Hazard Analysis Critical Control Point to prevent food borne illnesses

• Food and package waste management is playing a vital role in reducing environmental impact

• Many companies recycle packages, cooking oil, and have solid waste recycling programs in place to reduce food waste issues.

ESG Challenges

• Fast-food industry faces challenges with waste management of food and packages

• Food waste can lead to crop loss and companies donate excess crops for CSR purposes

• Fast food has negative health impacts, including short and long term issues with nutrition, digestion, immunity, and obesity

Growth of the Fast-food Quick Service Market

To sum up, Fast food has become an unavoidable part of the fast-moving life of people. These industries have become more cautious for sustainability and have been seriously accelerating their pedal to achieve on goals and abide by regulatory frameworks. In fact, the industry has been focusing on innovative procedures and initiatives to minimize food and package waste. The company had a market value at 257.19 billion in 2019 and is expected to have a compound annual growth rate of 5.1% by 2027.

The fast-food quick service industry is increasingly recognizing the importance of sustainability and social responsibility. Leading companies are implementing ESG initiatives, such as responsible sourcing, waste reduction, and renewable energy usage. By embracing these practices, they are not only reducing their environmental impact but also contributing to the well-being of their employees and communities. 

Browse more ESG Thematic Reports from the Consumer Products Sector, published by Astra - ESG Solutions

About Astra – ESG Solutions by Grand View Research

Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. - a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research

Investing in Sustainable Lipstick Brands: ESG Factors to Consider

In recent years, the beauty industry has witnessed a significant shift towards sustainability and ethical practices, and the lipstick industry is no exception. As consumers become more conscious about the environmental and social impact of their choices, lipstick brands are embracing Environmental, Social, and Governance (ESG) principles to align their operations with sustainable values. In this post, we will explore how the lipstick industry is incorporating ESG practices to promote a more sustainable and responsible approach to beauty.

Environmental Responsibility:

• Sustainable Sourcing: Lipstick brands are increasingly prioritizing sustainable sourcing of ingredients, such as natural and organic oils, pigments, and waxes. This ensures the preservation of biodiversity and reduces the ecological footprint associated with production.

• Packaging Innovations: Many lipstick brands are adopting eco-friendly packaging options, such as recyclable or biodegradable materials, to minimize waste. Additionally, some companies are exploring refillable lipstick cases, reducing the need for single-use packaging.

Social Impact:

• Fair Trade and Ethical Practices: Lipstick brands are embracing fair trade principles, ensuring that the workers involved in ingredient sourcing, manufacturing, and distribution are paid fair wages and operate in safe working conditions.

• Diversity and Inclusion: Companies are recognizing the importance of diversity and representation in their marketing campaigns and product offerings. Lipstick brands are expanding their shade ranges to cater to a broader spectrum of skin tones, promoting inclusivity and empowering individuals of all backgrounds.

Is your business one of participants to the global Lipstick Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices.

Governance and Transparency:

• Supply Chain Traceability: Lipstick brands are focusing on transparency within their supply chains, ensuring visibility and accountability at every stage of production. This helps to identify any potential environmental or social risks and enables prompt action to mitigate them.

• Corporate Social Responsibility (CSR): Many lipstick companies are actively engaging in CSR initiatives by supporting local communities, investing in education, and partnering with nonprofit organizations to drive positive change.

Growth of Lipstick Market

As of 2018, the global lipstick market was worth USD 11.5 billion. The increasing awareness of personal grooming and appearance of young female consumers throughout the world is expected to be one of the key drivers of this market. Soon, the demand for the product is expected to be fueled by the increasing purchasing power of the female population due to the rising female workforce. The beauty of our bodies is not the only thing people care about; they care about our planet as well. As consumers become more responsible for the climate, they are focusing more on natural and organic products, which has led to an increase in the production and sale of lipsticks that are toxins-free and environmentally friendly.

Key Companies in this theme

    • L'Oréal S.A.

    • Shiseido Company, Limited

    • The Estée Lauder Companies Inc.

    • Coty, Inc.

    • Revlon, Inc.

    • Avon Products, Inc.

    • AmorePacific Corporation

    • Oriflame Holding AG

    • Chanel S.A.

    • Christian Dior SE.

Browse more ESG Thematic Reports from the Consumer Products Sector, published by Astra - ESG Solutions

Conclusion:

The lipstick industry's commitment to ESG principles demonstrates its dedication to sustainable and responsible practices. By prioritizing environmental responsibility, social impact, and governance transparency, lipstick brands are setting new standards for the beauty industry. As consumers, we have the power to support these brands and contribute to a more sustainable future by making conscious choices in our beauty routines. Together, we can create a world where beauty goes beyond aesthetics and encompasses ethical values that benefit both people and the planet.

About Astra – ESG Solutions By Grand View Research

Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. - a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

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