In a 3PL market, ESG factors have become increasingly important, encompassing challenges and opportunities for 3PL providers and their clients. While there is a growing emphasis on socially responsible initiatives such as achieving the Sustainable Development Goals (SDGs), multi-dimensional ESG aspects, including business ethics, labor conditions, carbon emissions, human rights, renewable energy, anti-corruption, and product packaging, are key ESG areas that companies in this industry look to address.

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Battery Industry ESG Outlook: Unlocking Sustainable Growth

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Did you know that the global battery market is projected to expand at a compound annual growth rate (CAGR) of 14.1% from 2020 to 2027, reaching a value of US$ 108.4 billion? This growth is driven by the increasing demand for lithium-ion batteries, especially in the electric mobility sector. As the world gears up for a future with nearly 10 billion people by 2050, battery industry leaders are facing both challenges and opportunities.

One of the key challenges is addressing environmental, social, and governance (ESG) issues. Improper disposal of batteries contributes to pollution and negative health impacts. However, battery companies are stepping up their efforts, with some setting targets to reduce CO2 intensity and GHG emissions globally.

Notable companies in this sector include BYD Company Ltd., Duracell, Johnson Controls, LG Chem Ltd., and Samsung SDI Co. Ltd. These companies are at the forefront of developing sustainable technologies and business models.

To stay informed about industry developments, regulatory changes, and company actions, check out the Battery Industry ESG Study, Challenges, Issues & Risks Report by Grand View Research. It provides insights into ESG trends, challenges, and initiatives, helping investors and businesses make informed decisions for a greener and more sustainable future.

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The high-density rearing of commercial birds has put the spotlight on poultry vaccination to boost immunity and protect against strains of pathogens. The prevalence of Newcastle diseases among turkeys, ducks, birds, geese and guinea fowl has prompted several countries to bolster their policies. In essence, Victoria, Australia, has made vaccination for Newcastle disease mandatory. The U.S., meanwhile, reported 57.53 million poultry animals grappling with high pathogenic avian influenza (HPAI), as of December 2022.

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A renewed focus on ambulance services with technological advancements has helped stakeholders navigate opportunities and trends shaping the healthcare industry. An uptick in chronic diseases and road accidents has expedited the demand for emergency medical services. Ambulance services reportedly accounted for USD 39.14 billion of business in the healthcare industry in 2022.

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The prevalence of animal diseases, disorders and illnesses has put the spotlight on veterinary medicines. Farmers and pet owners bank on drugs to keep their animal disease free and healthy. The medicine can also be used to control and monitor zoonotic diseases and maintain livestock food supply. Veterinarians also work in agribusiness to ensure a safe food supply, while also helping farmers boost their productivity.

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