The corporate world witnessed several significant ESG and sustainability milestones – and businesses had to shift to remain compliant and financially resilient. Significant standards evolved, as the CSRD came into force and the ISSB took over TCFD, while uncertainty prevailed in the US as the SEC could not make its mind up about climate disclosures.
As CSOs develop their ESG and sustainability strategies for 2024, confronting geopolitical uncertainties and slow economic growth, they should seek to understand and incorporate the following five trends, CFOs becoming integral to ESG compliance, Disclosing in line with sector-specific reporting frameworks, Utilizing product stewardship software, Greater integration of ESG considerations into decisions across the supply chain and Growing risk of litigation on social issues.
