How has an aerospace company responsibly managed its environmental, social, and governance risks and paved the way for its sustainable growth?

The aerospace company was established in 1970 as the largest aeronautics and space company in Europe. The Company had been engaged in inventive mass-producing aircraft and consistently attain about half of the commercial airliner’s orders. Climate change and human rights concerns are receiving more and more attention these days as the government is focusing more on environmental concerns. During the production of goods carbon emissions and noise pollution considerably harmed the ecosystem. This started affecting air quality and was harming human health. The hazard was soon detected by regulatory authorities. Since the company had entirely neglected the environmental, social, and governance protocols, in 2018, the company was booked under the Environment Protection Act, of 1986. As the news of its penalty spread, the company’s reputation suffered a significant blow. Consumers became increasingly aware of the negative impacts caused by the company’s operations, which led to a decline in demand for its products. Concerned buyers and retailers began shifting their preferences towards more sustainable and ethically produced aerospace goods. They started turning to competitors who prioritized long-term sustainable ESG practices. The company had been flouting all environmental, social, and governance norms which raised red flags for investors, hindering the company’s expansion and restricting the funding for innovations and sustainable initiatives. Finding themselves cornered and totally at a loss, the company leadership in December 2019, sought the services of Research Nester analysts to rework the company’s strategy to integrate ESG practices for sustainable growth and profitability.