The challenges of climate change and economic inclusion are front of mind for many stakeholders and businesses. The focus for many businesses right now is to find ways to continue the business of business in a way that is focused on protecting people and planet, while creating long-term value in a more sustainable manner.
In practical terms, this means grappling with a complex web of ESG requirements, including a growing body of industry guidance and regulatory scrutiny that requires the management of legal and reputational risk, while addressing calls for a greater focus on ESG. Reputationally – and for brand protection – it has become increasingly important for businesses to take action to reduce the output of waste and emissions to minimise the impact to the environment. It should be noted that consumers are increasingly aware of the impact businesses they support have on the natural environment.