The ESG trend - the legal consideration and how can companies prepare?
Sustainability is becoming an increasingly significant issue in the decisions of investors, companies, consumers and shareholders.
The general awareness of Environmental Social and Governance (‘ESG’) is reflected in many international voluntary standards as well as in an increasing number of regulations towards sustainable growth.
The ESG discussion is becoming more and more important for companies with new regulations and guidelines and offers companies the opportunity to make an appropriate contribution to a more sustainable economy.
However ESG compliance raises strategic and operational challenges which companies need to manage. Early intervention and action is key to ensuring companies do not fall behind the ever rising trend that is ESG.