The lithium-ion battery market is valued at USD 41.97 billion as of 2021 and is expected to expand at a compound annual growth rate of 18.1% by 2030. The market is expected to expand with the increase in demand which is in-turn driven by the adoption of Electric Vehicles. The manufacturing and production of lithium-ion batteries have gained traction, mainly due to the increased consumption of fossil fuels and the rate at which they are depleting. Why is it important to have ESG? The abbreviation ESG stands for environmental, social and corporate governance. It is a measurement that takes into account a company's social and environmental impact on the global community. It brings awareness to the different climate issues that are occurring and encourages businesses to adopt practices and policies that are better for the environment. ESG not only helps businesses by attracting a more diverse workforce to bring in new ideas, but it also helps businesses have a greater positive impact on our world. Read More @ https://astra.grandviewresearch.com/lithium-ion-battery-industry-esg-outlook

The increasing demand of consumer electronics on a global scale is projected to result in the usage of the lithium-ion battery as a product type over the coming years. The market is expanding because of rising demand for portable electronics and gadgets including LCDs, smartphones, tablets, and wearable gadgets like fitness bands. The automotive application of rechargeable batteries used in non-rechargeable batteries and electric vehicles is also boosting the growth of the market. Why is it important to have ESG? The abbreviation ESG stands for environmental, social and corporate governance. It is a measurement that takes into account a company's social and environmental impact on the global community. It brings awareness to the different climate issues that are occurring and encourages businesses to adopt practices and policies that are better for the environment. ESG not only helps businesses by attracting a more diverse workforce to bring in new ideas, but it also helps businesses have a greater positive impact on our world. Read More @ https://astra.grandviewresearch.com/battery-industry-esg-outlook

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