In a reflection of the growing influence of stakeholders
including shareholders, investors, customers and employees, the
management of environmental, social and governance (ESG) risks as
part of an integrated approach to strategic decision-making and
operations is now commonplace for corporate
organisations.
Regulators globally are placing an increasing focus on the
management of sustainability risks, reporting and disclosure. This
is particularly the case for so-called
'greenwashing'– where inflated or misleading claims
about sustainability credentials are made to attract or retain
customers and investors.
Over the past five years, the conversation in boardrooms around
the world has centred largely on the duties that corporations have
in respect of climate change risks in the context of their ongoing
operations and strategies. In the last two years, the focus for
regulators has pivoted from issuing various notes and guidance to
their regulated markets to
