Article Summary
Surveys by KPMG and EY reveal that ESG (Environmental, Social, and Governance) is gaining momentum in business strategies, outpacing the focus on short-term profits. Companies with strong ESG reporting are more optimistic about their financial performance. However, short-term earnings pressure from investors still hampers long-term investments in sustainability. Governments and standards bodies continue to commit to ESG, recognizing its value to society. The U.S. investment community, on the other hand, is moving away from social and environmental engagement, potentially ceding ground to European regulators.
Original Post
By Tim Bovy and Ian Hodges
Surveys from KPMG and EY show that the momentum behind realizing the long-term commercial benefits from a forward-thinking commitment to ESG is outpacing the parochial emphasis on short-term profits, on yielding to shareholder pressure, and on caving into anti-woke autocrats.
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What This Means for You
- Integrate ESG factors into your business strategy to attract investors and ensure long-term success.
- Stay informed about regulatory changes and expectations to maintain compliance and credibility.
- Be aware of the growing trend towards ESG and consider it in your investment decisions.
Key Terms
- ESG (Environmental, Social, Governance)
- Greenwashing
- Sustainability Reporting
- Long-term value creation
- Stakeholder capitalism
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