Jumana Vadnagarwala Environmental, Social, and Governance (ESG) must be viewed as an astounding success story in many ways; in only a few years, it has moved from a niche topic to a corporate buzzword, dominating business agendas worldwide. According to a recent report, it has been established that investors across the globe are embracing ESG investing on a massive scale. It clearly indicates that ESG is finally having a significant impact on the economies worldwide, stimulating the shift to renewable energy, resilient infrastructure, and social equality. ESG is more than a set of good ideals. It is about developing a transparent, concrete, and effective action plan that yields actual outcomes. For this reason, investors — and all other stakeholders — are increasingly demanding more transparency, disclosures, and socially responsible leadership from companies. This has led US Securities and Exchange Commission (SEC) to finalize its climate risk disclosure rules, the European Union to issue its benchmarks and disclosures, and the Securities and Exchange Board of India (SEBI) mandate that the Business Responsibility and Sustainability Report (BRSR) will apply to the top 1,000 listed entities (by market capitalization). ESG is a growing movement that prioritizes stakeholders in corporate operations. Simply put, […]
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