Per this article, these are the five big sustainability / ESG trends shaping the world:
- ESG has shifted from risk management to value driver – generating more contracts, creating stronger consumer propositions, attracting the best talent, and better preparing for regulations.
- Backlash against greenwashing has led to increased regulation – Even if your company feels it is too small to be impacted, your larger clients will require you to comply with regulations as part of their Scope 3 reporting.
- Consumer and employee activism is on the increase – This is no longer confined to college campus activists. Today, 80% of consumers and 84% of employees say they will base buying or career decisions on a company’s sustainability/ESG credentials.
- Climate change is now a social as well as environmental issue – Climate change has become a human rights issue.
- Impact investing will be on the rise – Companies that show a positive quantifiable environmental and social difference will command higher valuations (be they be publicly held or private).
If you are thinking about the money you are spending, trying to differentiate and grow your business, and you also care a bit about the environment, this PPP might be worth a read.