Opinion | Promoting sustainable business
Summary
Nepali businesses are urged to adopt sustainable practices that balance profit and environmental responsibility, leveraging global green finance initiatives and ESG standards to drive innovation and competitiveness.
Key Points
- Nepali companies are encouraged to integrate sustainability into their core strategies to drive innovation and long-term competitiveness.
- Nepal has made climate commitments under the Paris Agreement and introduced a Green Finance Taxonomy to promote environmentally friendly industries.
- International partners like GGGI, UNDP, and ADB support Nepal’s clean energy and conservation efforts, aiding business alignment with ESG requirements.
- Despite challenges such as limited capital and infrastructure, growing public awareness and government incentives foster a greener business environment in Nepal.
