By Jim Wetekamp, CEO of Riskonnect
Published by Triple Pundit, March 25, 2022
Environmental, social, and governance (ESG) reporting laws, as in those monitoring companies’ environmental, social and governance performance, are coming.
The U.S. Securities and Exchange Commission (SEC) is working on a new rule that will require U.S.-listed companies to provide investors with detailed disclosures on how climate change could affect their business. Europe announced new requirements on how banks report environmental risks and carbon targets.
These proposals are only the tip of the iceberg. Regulators across the world are actively working on new legislation to increase corporate transparency on ESG issues.
It will take time for the regulations to get ironed out – and there still may be no universal measuring stick to evaluate ESG performance. But that doesn’t mean you should sit back and wait. The pressure to be more transparent extends far beyond regulators. Sixty-four percent of consumers say they choose, switch, or avoid brands based on their stance on societal issues. Eighty-five percent of investors consider ESG factors in their investment decisions.
Hone Your Reporting Strategy Now
Now is the time to get a handle on your ESG data. Read on for four steps you can take today to get started.
Read the full article in Triple Pundit >>
