The paints and coatings industry is one of the highly demanded markets, the products have high applicability across various ranging from automotive to infrastructure markets. The sourcing of the raw materials, emissions from the manufacturing processes, energy consumption, waste water management and global value chain and usage of volatile organic compounds in the products are some of the challenges to the industry in the sphere of environment and social aspects of ESG. Why is it important to have ESG? The abbreviation ESG stands for environmental, social and corporate governance. It is a measurement that takes into account a company's social and environmental impact on the global community. It brings awareness to the different climate issues that are occurring and encourages businesses to adopt practices and policies that are better for the environment. ESG not only helps businesses by attracting a more diverse workforce to bring in new ideas, but it also helps businesses have a greater positive impact on our world. Read More @ https://astra.grandviewresearch.com/paints-coatings-industry-esg-outlook