ESG

Businesses are increasingly recognising the importance of sustainable practices to safeguard our planet for future generations.

The International Business Report (IBR) surveyed 255 companies in Brazil to identify the intentions of investments in ESG aspects in the next 12 months. See!

Our Women in Business 2022 report shows that life sciences companies – in line with other mid-market businesses – are taking deliberate, necessary action to create more inclusive working practices and giving female talent access to senior positions in greater numbers than ever before.

With the growing focus on ESG among corporate stakeholders – including expectations for diverse workforces and an inclusive working culture – organisations need to ensure the ‘G’ in ESG includes diversity and inclusion measurement. Tracking metrics including gender parity will enable businesses to set appropriate goals, manage risk, design effective initiatives, demonstrate D&I successes to stakeholders, and engage their workforces – resulting in better business outcomes.

The European Commission has proposed a Corporate Sustainability Reporting Directive (CSRD) and as part of this will adopt EU Sustainability Reporting Standards (ESRS). The European Financial Reporting Advisory Group (EFRAG) has been asked to provide technical advice to the European Commission in the form of fully drafted sustainability reporting standards.

From reporting periods starting 2024 onwards, the Corporate Sustainability Reporting Directive (CSRD) will require all large companies to report on sustainability policy and performance.