To say ESG - Environmental, Social, Governance - is a
fast-evolving field is an understatement. It's a landscape
presenting a whole new context for operations in all sectors -
which takes different forms in different regions.
For many companies, recent sustainability action has focused on
environmental impact, specifically decarbonisation and emissions
reduction in the most controllable areas: Scope 1 (e.g., direct
emissions from company facilities or own vehicles) and Scope 2
(e.g., emissions from purchased energy, heating, or cooling).
Especially given the accelerating regulatory change, the
corporate sustainability challenge has broadened beyond simply the
emissions within the four walls of a company and its own
operations: now companies are being held accountable for Scope 3
emissions (e.g., downstream activities such as distribution or
leased assets and upstream activities such as purchased goods and
services) as well as areas of biodiversity, water
