Cork, Ireland, 23.04.2023 – Compliance & Risks has released their 12-18 month outlook for regulatory trends in ESG highlighting the importance of ESG compliance for companies. By reviewing the future ESG outlook, the report emphasises the benefits of ESG compliance, including increased credibility, and access to capital.
With stakeholders, from investors to customers to employees, and the media scrutinising ESG claims, it’s crucial for companies to demonstrate their commitment through robust reporting and transparency measures. This is especially important as mandatory ESG reporting legislation is emerging globally, fueled by concerns around sustainability information’s quality, reliability, comprehensiveness, and comparability, with the hope of directing financing towards greener and more sustainable investments.
As businesses face additional compliance burdens, they must take a proactive approach to minimise their environmental footprint and comply with relevant regulations to protect the environment and demonstrate their commitment to sustainability.
According to Chief Marketing Officer Trish Butler, “ESG compliance can provide companies with a competitive advantage in today’s business landscape. By complying with ESG regulations, companies can build trust with stakeholders, including investors, customers, and employees, and demonstrate their commitment to sustainability and responsible business practices.”
ESG compliance also leads to improved risk management. Butler explains, “ESG regulations often require companies to identify and manage environmental, social, and governance risks. By doing so, companies can reduce the likelihood of negative impacts, such as legal or reputational damage.”
ESG regulations incentivize companies to reduce their environmental footprint or improve social and governance practices, Investors are increasingly looking for companies that prioritise ESG considerations, and by complying with regulations, companies can attract investors and access capital.
The report also notes that mandatory ESG reporting legislation is emerging globally.
Butler emphasises the importance of being proactive in compliance, stating, “Businesses must take a proactive approach to minimise their environmental footprint and comply with relevant regulations. By doing so, they can not only protect the environment but also demonstrate their commitment to sustainability to customers, stakeholders, and regulators.”
Overall, this outlook for regulatory trends highlights the benefits of ESG compliance and the importance of prioritising ESG considerations in today’s business landscape. Companies that comply with ESG regulations can position themselves for long-term success and contribute to a more sustainable future.
For more information, visit the A 12-18 month outlook for regulatory trends in ESG
CMO, Compliance & Risks
About Compliance & Risks
Compliance & Risks is a leading provider of market access technology for the world’s leading brands. We have spent two decades honing the digital tools, expertise and content you need to monitor, assess and prove your products’ compliance, protecting your brands and helping drive your growth. Our goal is to help companies navigate the changing landscape of ESG regulations and stay competitive in an ever-evolving regulatory landscape.