What can governments and other actors do to push businesses to adopt stronger ESG policies?

Payal R.
Gurgaon, India

“All governments and stakeholders should include ESG Action Plans as part of mandatory Corporate Governance as Non-Financial Disclosures. This is necessary not only for top-listed companies and major corporations, but also medium-to-large size companies. The requirement for adherence to ESG Action Plans must be acknowledged and this must be part of a wider understanding that strategically, ESG Action Plans are a subset of value creation and not an additional compliance burden.

ESG will help all to achieve and maintain the long-term goal of a ‘low carbon value chain’ – first within companies and then expanding to communities beyond their operations. ESG is crucial in reducing future risks related to climate change and companies’ future liabilities.”

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