ESG - Environmental, Social and Governance

Demand for transparency on socially responsible practices is on the rise. Corporates are being held accountable to various stakeholders on the impact of their operations in the community and the world at large. ESG criteria have become an increasingly important topic for a list of core stakeholders ranging from companies, investors, financiers, customers, employees, and non-governmental organizations.

ESG is one of the most important topics on the Board agenda these days. Key stakeholders are now expecting that ESG reporting will be part of a company’s ongoing reporting process and will form a key consideration for their relationship with the company.

Disclosing the firm’s ESG performance is linked to access to sustainable funding, easier penetration in new markets and, in general, improving those characteristics that increase competitiveness in the market.