1/15/2024 0 Comments Planet dictionary myanmar english![]() In the absence of clear metrics and global standards, companies are often left to construct their own reporting mechanisms, which may open them up to censure. The lack of global agreement on standards in all areas of ESG leaves corporate leaders and in-house counsel in a challenging position - forced to set targets and make decisions without reliable data and without priorities and guidance from regulators or lawmakers. Claims of greenwashing may ensue.Ĭorporations face similar challenges across a host of other ESG (environmental, social and governance) topics including supply chains, data privacy, packaging, pay, diversity and inclusion, workplace safety and social justice. There are many examples of companies making commitments which are questioned by media and other stakeholders. But determining which businesses will successfully reduce their carbon emissions to net-zero is difficult. On climate change there is no room for failure, as the latest Intergovernmental Panel on Climate Change report warned 1. Better governance measures can help avoid the pitfalls. Companies keen to publicize their ESG ambitions face increasing scrutiny.
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