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For example, the European Union (EU) will tighten its "Non-Financial Reporting Directive" in 2021 , which requires environmental, social and governance (ESG) disclosure from companies with more than 500 employees doing business in the EU. And it’s likely that the incoming U.S. administration will introduce new ESG mandates as well.
The 2020 GreenBiz State of the Profession Report included a fantastic chart titled "Percentage of survey respondents having received training or certification," which showed the following breakdown: 53 percent GRI. The world of corporate sustainability reporting is not for the faint of heart. 26 percent Other. 17 percent SASB.
Besides, Danone’s CEO stepped down after investors blamed him for failing to balance shareholder valuecreation and sustainability. This new shift in companies value generation has given rise to investment that considers Environment, Social and Governance factors. trillion in assets in 2020 ( Opimas LLC ).
The fragmented patchwork of different ways for companies to report and be held to account on their social and environmental performance is soon to be replaced by widely accepted and endorsed international standards for corporate sustainability. Therefore it is integral to the aim of enterprise valuecreation in any case.
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