Over the past year, the Environmental, Social, and Governance (ESG) narrative has been shaped by extraordinary climate extremes, with the U.S. National Oceanic and Atmospheric Administration (NOAA) confirming 2023 as Earth’s hottest year on record and reporting an unprecedented 28 billion-dollar disasters impacting the U.S. in the past year.
As the world confronts the challenges of climate change, scrutiny on corporate ESG practices is intensifying. The recent surge in global ESG regulations marks a move towards greater corporate transparency, requiring companies to disclose not just the risks and opportunities of sustainability issues, but also the impacts of their operations on people and the environment.