What can governments and other actors do to push businesses to adopt stronger ESG policies?
Payal R.
FOUNDER & PRINCIPAL AT CARBONFIXERS
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.”