‘Managing impacts makes good business sense.” You might have heard similar statements before. CEOs of the largest asset management institutions—though they have become quieter recently—have emphasized that traditional reporting no longer fully captures all the risks and opportunities businesses face, in the medium and long term.
Many investors have come to understand that companies that care about issues such as climate, water use, the circular economy, and employee welfare will provide a better return on investment.
Understanding a company’s sustainability impacts is now essential to financial decision-making in the markets. After all, these impacts can be seen as early indicators of financial risks. Even if not financially material at the time of reporting, most, if not all, of the impacts of an organization’s activities and business relationships on the economy, environment and society will eventually become financially material.
Although a cursory glance at the financial newspapers might suggest differently, market participants are increasingly, and publicly, recognizing that measuring and disclosing financial risks in isolation is insufficient for navigating the complexities of today’s economic landscape. We observe this ripple effect also extending to financial markets, where improved sustainability reporting affects the issuance of green, blue, social, and sustainability-linked bonds, and investors increasingly favoring companies with strong sustainability performance. The successful move to sustainability practices throughout the value chain is conditioned on the accurate and proportionate assessment of these practices by all involved.
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