While it is mostly public companies that face mandatory requirements, even private businesses face increased scrutiny of their sustainability and ESG policies from stakeholders including shareholders, eco-conscious consumers, suppliers, insurers and lenders.A weekly look at environmental, social and governance issues and strategies for corporate decision makers.
The picture looks quite different for private companies: 45% don’t report ESG information and more than half of those don’t plan to. The two most popular standards used are a self-developed framework and the U.N. SGDs . The top three social and human capital issues, chosen by about a quarter of respondents, were supply-chain management; data security; and employee engagement, diversity and inclusion.
Public companies cited greater reporting challenges than private businesses across virtually every topic area, likely because listed firms face more stringent reporting requirements and pressure from investors. These demands are set to increase with incoming mandatory climate reporting requirements.
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