In recent years, environmental, social and governance (ESG) reporting for companies has moved from a "nice-to-have" to an integral part of corporate strategy. An increasing awareness of the need to address the material environmental and social risks and opportunities against a backdrop of strong governance is driving increased reporting. Meanwhile, stakeholder pressure to measure and manage ESG performance is mounting, further supported by regulatory tailwinds.
Increased regulations around the world is requiring companies to disclose information regarding the extra-financial aspects of their business to interested stakeholders. Thus, being proactive in monitoring current and emerging ESG regulations to ensure compliance and remain competitive has become a business imperative.
About the Author
Follow on Linkedin
More Content by EcoVadis