Many regulations, including new rules in the EU and US, are aimed at making data and progress towards sustainability targets more transparent and standardised and could mean 2024 is the year many firms get serious about ESG data collection and reporting.
These new rules are likely to mark a shift in how organisations approach ESG, seeing it not just as a compliance and risk management task, but as an opportunity to overhaul their business models. Beyond carbon emissions, businesses are increasingly looking at ESG through a broader lens, considering the social perspective and the role of nature and biodiversity.
