Resilience Barometer – Perspectives Part I - ESG
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February 02, 2022
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In a progressively complex ESG environment, businesses find themselves under the scrutiny of social activists, shareholders, regulators, consumers and the media. Resilience Barometer research shows that more than a third (36%) of G20 companies say they are under extreme pressure to improve ESG and sustainability, and 91% expect media scrutiny around ESG. How can they best adapt to and navigate this new minefield, and how can ESG risk be converted into opportunity?
At the heart of resilience is proactivity and, despite the relatively short time that ESG has been a key corporate concern, we already see that companies are now looking beyond ESG as merely a burden and risk. Indeed, 88% of G20 companies claim to be shifting, or planning to shift, their approach to ESG from managing risk to identifying new business opportunities – a clear indication of a more optimistic, longer-term stance towards ESG.
With companies aware that ESG must be proactively addressed, it is how companies can best navigate the current ESG landscape – and build their resilience in an increasingly sceptical and pressured environment - that has become the burning question.