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Companies are now being judged against a set of criteria that can't simply be defined by profit alone; profit maximization has ceased to be the primary measure of success for businesses. Companies will invariably face intense scrutiny from all types of stakeholders, including; investors, regulatory agencies, customers, and communities; and all of them; expect companies to conduct themselves in a responsible manner by actively reducing their impact on the environment, upholding fair labour principles, and being transparent in their governance policies and procedures; all of which fall under the umbrella of ESG (Environmental, Social, and Corporate Governance).
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