Environment, Social and Governance (ESG) standards and the Western Balkans – Towards Sustainable Business/

Environmental, Social and Governance (ESG) issues are rising rapidly at the businesses and investors agendas across the world. By 2025, ESG-compliant asset-holdings will make up one-third of all asset holdings globally – about $50 trillion. Businesses in the Western Balkans region, have become an important segment of global value chains and attract an increasing share of Foreign Direct Investments. However, lack of understanding and limited compliance with the ESG standards and principles, becomes an increasing risk.