Environmental, social, and governance (ESG) compliance has morphed from a voluntary, self-reporting checklist of corporate responsibility into an increasingly regulated business activity. As a result, sustainable business models have become a strategic imperative driven by the expectations of investors, consumers, and society.
ESG regulations and standards now originate from multiple federal and global entities. The U.S., France, the EU, and other national entities have introduced an almost competitive array of rules and standards for companies to navigate. Unsurprisingly, companies are turning to robust data governance and management to steer through the increasing complexities of ESG compliance.