ESG reporting an opportunity to showcase compliance quality
In recent years, environmental, social, and governance (ESG) reporting has become increasingly important to investors and stakeholders.
ESG reporting provides insight into an organization’s nonfinancial risks, opportunities, and commitments in its daily operations. While investors have historically relied on corporate financial data and disclosures to forecast profitability and assess the worthiness of a business as an investment opportunity, long-term sustainability objectives have become an intrinsic part of an organization’s strategy. As a result, ESG criteria differ between organizations.
One crucial element of an effective ESG program is anti-bribery and corruption (ABC) compliance. ABC compliance captures an area that is one of the most significant risks faced by many companies. It is a concern for investors and shareholders, and as such, it is a key component of ESG reporting.