In today’s corporate landscape, environmental, social and governance (ESG) issues are taking centre stage in boardrooms worldwide. But despite the proven financial benefits and increasing public interest, some companies resist embracing ESG principles. Michelle Knight, Head of Global Research at Ethixbase360, emphasises the critical role ESG plays in a company’s sustained growth, and how it can impact valuation through environmental impact, labour practices and responsible supply chain management.
ESG is no longer just a buzzword; it’s an integral part of effective risk management. Integrating ESG with governance, risk and compliance is essential to mitigating emerging and historical threats, including operational, financial and cyber-security risks. As supply chains become more global, blind spots in the third-party network can lead to significant consequences, drawing increased regulatory attention.
Private equity and other industries are capitalising on the growing demand for sustainable practices, but increased scrutiny has also resulted in more whistleblowing. Challenges arise from pushback by business leaders and the complexity of meeting investor demands for transparency.
Ethixbase360 offers valuable insights into the intricacies, challenges and opportunities of ESG implementation, helping risk and supply chain leaders build robust programs that enhance transparency, support profitability and foster ethical and sustainable business practices. Armed with this knowledge, companies can navigate the complexities of ESG, contribute positively to society and ensure long-term success.
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