![]() To generate reliable reports, organizations will need to reimagine how they are collecting and analyzing their data.Įxpected new legislation based on the European Union’s Corporate Sustainability Reporting Directive (CSRD), adopted in December 2022, will require roughly 50,000 organizations to issue ESG reports to regulators, many for the first time. While many organizations voluntarily issue sustainability reports already-on their own timetable and against self-selected parameters-new policies will require public, audited, and robust ESG reporting that disclose their impact on the environment, communities, workers, and consumers and describe their corporate governance practices and performance. It’s good for business, people, and the planet. At the same time, consumers are placing more weight on sustainability, creating a compelling case for every organization to show action and progress. ![]() Investors are increasingly factoring ESG into their strategies. Greater visibility into activities across the business will help decision-makers improve both ESG and business performance and boost long-term competitiveness. ![]() But rather than being seen as a burden, it should be embraced as an opportunity. For many, it will entail gathering more granular data from across their operations and value chains. ![]() In 2024, organizations around the world will face new regulatory reporting requirements designed to increase the transparency of environmental, social, and governance (ESG) impact and progress. Every senior business leader knows that we can’t manage what we can’t measure. ![]()
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