How organisations are measuring their impact on the environment is continually under the spotlight, not only within their own operations but across their end-to-end value chain. Climate change, energy transition, biodiversity, energy use and security, natural resource conservation and waste are just some of the areas that organisations need to disclose and demonstrate how they are identifying environmental risks and opportunities, now and in the future.
Incoming regulation and mandatory reporting will create both opportunity and challenge to implementing policies and procedures that previously may not have been seen as a high priority requirement, but are now considered a strategic business imperative.
Without taking the necessary action, organisations could face governmental or regulatory sanctions, criminal prosecution, loss of customer confidence; and reputational damage through accusations of greenwashing and/or a lack of commitment to responsible business, impacting value and long term sustainability.
