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They can have a profound positive impact across economic, social and environmental valuecreation. The world that emerges from COVID-19 could offer plentiful, zero marginal cost electricity, ubiquitous computing and cheap bio-manufacturing of high-purity drugs and environmentally friendly plastics directly from DNA. .
On the other hand, ESG is a way to quantifiably measure a company’s impact on society and the environment, using metrics that deliver long-term stakeholder value. In a manufacturing business, measuring ESG standards comes down to tracking internal and external environmental, social and corporate governance standards.
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