DUBLIN, 31 March 2022–(BUSINESS WIRE)–The “Environmental, Social, and Governance Framework – Thematic ResearchReport has been added ResearchAndMarkets.com’s offering.
Sustainability was not always about saving the environment. It has become a broad term that covers environmental, governance, and social (ESG) issues. This report updates our ESG framework, originally published in 2020. It is intended to assist CEOs in identifying all ESG risks and taking mitigation actions to improve their ESG performance.
ESG will continue being a driving force behind strategic and operational decisions in all corporate boards after a pandemic. Companies must address issues such as social inequality, corruption and tax avoidance in full public.
While some companies are making concerted efforts in improving their ESG performance in many areas, others are only lip service to the idea of sustainable profits. Greenwashing is becoming more difficult as the market scrutinizes corporate ESG strategies.
Highlights
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We predicted that ESG would become the most important topic in corporate boardrooms in January 2020. Since then, significant changes have occurred in the way we interact, consume, and work. Nobody could have anticipated the extent of disruption caused the COVID-19 epidemic, which has highlighted the importance ESG.
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According to the ESG Strategy Survey 2021 published by the publisher, 67% of ESG executives believe the pandemic has been a catalyst for increased attention and action on ESG issues.
Scope
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Leaders can ensure that all aspects of sustainability are covered by their ESG strategy by adopting a holistic approach that includes all aspects of governance, environmental, and social issues. Companies will be under greater pressure to disclose their ESG credentials in 2022.
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Environmental performance is a measure of how much energy a company uses, how much waste it generates, and what the impact on the environment has on our habitat. Climate change is increasing extreme climatic events. These climatic changes will have negative direct consequences for all businesses. Climate change will bring many uncertainties to businesses, increasing their risk and delaying investments.
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Social performance measures a company’s engagement with its customers, suppliers, workers, and the local community. It covers community impact, diversity and inclusion as well as human rights and safety. Negative publicity from big business can lead to negative publicity and make it harder for companies to benefit from a diverse workforce. This can also cause issues with regulatory compliance.
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Governance measures how an organization’s internal controls work to inform business decisions and comply with the law. It also assesses whether moral obligations are being met to external stakeholders. Society is losing trust in big businesses due to repeated failures in corporate governance – from aggressive tax avoidance to corruption, excessive executive pay, and relentless lobbying.
Key Topics Covered
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Executive Summary
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ESG is the Most Important Thing of this Decade
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The ESG Action Feedback Loop
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Breaking Down the Publisher’s ESG Framework
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ESG Rating Agencies
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Timeline
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The ESG Disclosure Landscape
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Glossary
Companies Mentioned
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Shell
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Esso
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BP
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Marathon
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Sunoco
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CITGO
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Chevron
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Valero
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Circle K
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Speedway
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Conoco
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Kroger
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Sinclair
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CHS (Cenex).
For more information on this report, visit https://www.researchandmarkets.com/r/94a3sh
Businesswire.com – View the source version https://www.businesswire.com/news/home/20220331005501/en/
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