The ESG reporting regulations will come into force this year. While they apply to large public interest entities (e.g. banks) for now, small and medium-sized companies will have to report ESG data from 2027,
Corporate governance issues include the phone code philippines qualifications, role and tenure of the board of directors, as well as diversity, ethical behaviour, communication with stakeholders and transparent remuneration,
Taking ESG strategy into account can be good for investor relations, brand image and improving working conditions, which translates into better financial results,
Even if your company is not yet subject to ESG reporting, it is worth introducing it alongside corporate governance elements. This will give you a competitive advantage.
More details below.
Already this year, large companies covered by the NFRD (Non-Financial Reporting Directive) will be covered by the ESG Reporting obligation and each year it will affect more companies. ESG reporting not only describes the social responsibility and environmental impact of companies, but also corporate governance activities, the "G" in ESG.
Would you like to prepare for the upcoming changes and learn more about corporate governance principles? Or do you want to cultivate relationships with all stakeholders or develop an advantage for your company now? In our article you will find all the information you need.
What is ESG?
The abbreviation ESG stands for Environment , Social , Governance and refers to a company's performance in terms of the environment, social responsibility and corporate governance. These are standards that aim to measure a company's impact on the aforementioned factors and underline the importance of including more than just financial results in reports.