This week marked day two of PracticalESG.com’s event series. I talked with a variety of experts about EU political developments, compliance with EU policy, and assurance generally. These panels were full of valuable information and I thank all of our guests for participating and all of our viewers for tuning in. One emerging theme between all three sessions was the growing maturity of ESG. Regulatory pressures are pushing companies to move from the planning to implementation phase for ESG.
While the first panel discussed that political pressures in the EU might chill growth, it is clear that existing policies will not be walked back and that even with a more conservative government (that may result from next month’s elections), sustainability will still be a priority in the EU. The second panel shared three major regulatory schemes in the EU and explored how these regulations are pushing companies to develop and implement programs swiftly to meet compliance deadlines. Our final panel discussed auditing ESG information and how companies and auditing firms are developing practices to increase the quality of ESG data.
Industry is moving at a rapid pace to keep up with developing regulation and ESG needs. The progress made in the past five years alone has been transformative and more change and disruption will inevitably follow. ESG and sustainability are global issues with global impacts. Keeping up with ESG developments is paramount, especially with regulations arising across jurisdictions globally.
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