Sustainability is becoming a business imperative and more companies are investing in environmental, social and governance (ESG) initiatives.
“ESG-oriented investing has experienced a meteoric rise. Global sustainable investment now tops $30 trillion — up 68% since 2014,” McKinsey & Company predicted in 2019.
Businesses are paying more attention to ESG standards as corporate responsibility becomes increasingly important to communities, customers, employees and investors. In 2020, the World Economic Forum published a framework for consistent standards to support integrated annual reporting. Many leading organizations have since adopted it.
