The time is now – sustainability labels have never been
more important
Sustainability has become a significant area of focus for
businesses across sectors. Worldwide, many jurisdictions have
implemented or further advanced draft legislation that will have
profound implications on the adoption of more sustainable business
practices. At the same time, key stakeholder groups place a greater
emphasis on a business's sustainability performance –
from investors (Figure 1) to employees (see Figure 2) and consumers
(see Figure 3).
These developments have reinforced the priority of the topic for
many business leaders, with those who choose to ignore the topic
doing so at their own peril. Many businesses have made public
pledges on environmental, social and governance (ESG)-related
goals, developed an ESG strategy of how to reach these goals
– and have started to communicate their claims of ESG-related
achievements publicly.
