Per this article in Forbes, although it is expected that at least ten companies will incur at least $5 million in greenwashing fines, there appears to be movement towards positive environmental impact. A few key points: Better ESG data programs will be created and used 80% of large companies will start capturing and reporting their [...]
This week, we covered a lot of ground - First, we looked at consumer preferences - Consumers are abandoning non-sustainable companies. The cost of becoming environmentally certified sustainable is less than the cost of losing clients. Second, we looked at how your advertising is working, or not working – Consumers don’t want to hear [...]
This article talks about 10 trends to watch on the Environmental side of ESG. For SMEs (small to mid-sized enterprises), these are the five of greatest importance: Increased supply chain efforts – There will be more downward pressure from your large clients, demanding you become sustainable in order for them to meet their [...]
Per this article, an Oracle study produced the following, which is consistent with other studies we have seen: 70% of consumers will abandon brands that do not take sustainability seriously 87% of consumes will pay a premium for products from companies that demonstrate environmental and social progress 78% are frustrated with the progress businesses are [...]
Per this article in Bloomberg Tax, the EU actions, such as the Corporate Sustainability Reporting Directive (CSRD), may soon expose US and other non-EU multinational corporations to a novel type of tax reporting. In short, since the 28 November 2022 CSRD, many believe reporting will start with the 2024 fiscal tax year. Here is the [...]
This article in the New York Post reports on this study and is consistent with other studies we have reported. Key points Almost two-thirds of respondents stated they were more likely to apply to a job for a company that committed to sustainable practices. Three out of five respondents said they avoid employers they perceive [...]
The following are a few points from a new United Nations Global Compact-Accenture study on CEOs. At the bottom is how this will effect you. 98% of CEOs believe it is their role to make their company sustainable (up from 83% in 2013) 75% of CEOs are launching sustainable products/services 72% of CEOs believe they [...]
This article in Education Times suggests that whether companies look at consumer engagement, risk management, or profitability, it is clear, ESG is the future of business. A few of the key points Per a PWC study, 83% of consumers want your company to have an ESG program Per the same PWC study, 86% of job [...]
Per this article in Private Equity News, ESG is now included in most debt financing deals. The inclusion of ESG in private loan documents is designed to incentivize companies to improve. The "ESG margin ratchet" is now commonplace in debt deals and provides for tiered pricing that goes up or down, depending on the borrower [...]
There has been a lot of talk and confusion around ESG over the past year. Let’s explain some of the confusion. Sustainability is the ‘E’ in ESG. It is doing fine. When a company expands its internal policies to include systems, documentation and disclosure to improve on the ‘S’ (ie, Social) and the ‘G’ (Governance), [...]
