Responsible business in a changing world: The case for Nepal
Summary
ESG is becoming crucial in Nepal's economic growth, especially in sectors like hydropower, where responsible business practices attract investment and mitigate risks. Integrating ESG aligns with Nepal's traditions and global standards, essential for sustainable development and investor trust.
Key Points
- ESG represents accountability, linking environmental and social performance directly to business success and risk management.
- Globally, ESG is shaped by regional regulatory and market trends, with Nepal positioned between South and Southeast Asia's experiences.
- Nepal's economic sectors, notably hydropower, are increasingly reliant on ESG to secure international investment and manage community and environmental risks.
- Embedding ESG in Nepal’s development is strategic for sustainable growth, investor confidence, and aligning with local collective responsibility traditions.
