Experts explore the evolving sphere of ESG regulation in light of greater calls for corporate accountability.
The largest corporations in the world are responsible for nearly 70 percent of global greenhouse gas emissions. Corporate boards remain overwhelmingly white. As calls for racial and climate justice increase, activists and shareholders are placing greater scrutiny on businesses to address these environmental, social, and corporate governance (ESG) concerns.
Although ESG investment has reached record levels, some companies have attempted to cut corners. Companies have increasingly faced allegations of greenwashing, the phenomenon of corporations claiming to be environmentally friendly to entice consumers but failing to engage in sustainability efforts.
To hold corporations to higher standards, the U.S. Securities and Exchange Commission (SEC) proposed updated ESG reporting…
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