Recognizing the potential strategic and economic benefits of environmental, social, and governance efforts may be key to long-term value creation.
Reporting on the environmental, social, and governance (ESG) elements of an organization's performance has been a growing focus of corporations, investors, and regulators globally. From the U.S. and Europe to Asia, net-zero emissions pledges, regulatory moves toward global sustainability reporting standards, and industry-level initiatives are gaining pace ahead of the 2021 United Nations Climate Change Conference in November. "The first half of 2021 has featured a flurry of regulatory activity in both the U.S. and Europe, as major financial markets come to terms with how to standardize ESG risk reporting and the practice of integrating ESG into investment practices," begins a recent article in InvestmentNews.