In the latest BVRLA blog, Daniel Jeczmien, CEO and Co-Founder of associate member and ESG platform provider Omnevue (previously ESGgen) looks at the growing importance of ESG reporting in today’s business landscape.
Daniel says; “In today's rapidly evolving landscape, environmental, social, and governance (ESG) considerations are increasingly valuable. ESG regulation is changing as regulators and governments wise up to its importance. As best practice continues to develop, accountants and business leaders need to keep abreast of changes to ensure that, where regulation is mandatory, they are on the right side of compliance.
“Changes to ESG regulation are relevant to all businesses, not solely the largest that are currently mandated to disclose data. The reality is that small and medium sized enterprises (SMEs) must too be ready to disclose their non-financial data. Large companies and financial institutions are requesting ESG data from the SMEs in their value chains. Our research shows that 63% of SMEs have received such a request in the last six months.”
