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The ESG risks of increasing consumption and the implications for businesses

When incomes, economies, and populations grow, there is a natural increase in the consumption of goods and services. This paper explores consumption trends from the perspective of global development, changing demographics, and the implications for corporate ESG goals.

Increased consumption has wide-ranging impacts in terms of risks related to climate change and biodiversity, key components of companies’ environmental, social, and governance (ESG) strategies. In fact, at present, consumption levels hamper the ability for many organisations to realise their ESG goals.

To facilitate the transition to a sustainable economy and mitigate exposure to ESG-related risks, it’s important to consider consumption when framing this narrative. 

In this report, Charles Sincock, Marsh Advisory ESG & Strategy Lead, explores consumption trends from the perspective of global development and changing demographics. The report examines how business strategies are affected by this issue, and how organisations should identify, quantify, and mitigate the consequences of increased consumption.

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