EXECUTIVE INSIGHT
organisations going forward . Because while the SEC may have sidestepped the Scope 3 requirements , certain organisations that do business in Europe are going to have to comply with CSRD . So I think it behoves organisations to start now to prepare for what is sure to be a very dynamic regulatory landscape .
It ’ s a very polarising topic , certainly here in North America , but I think in other regions as well . And I think managing that will be a significant undertaking and something that requires an awful lot of thought going forward .
Q . DO YOU FIND THAT , GENERALLY SPEAKING , THERE IS A DESIRE AMONG BUSINESSES TO BE TRANSPARENT , TO BE PRESSING FORWARD IMPROVING THEIR ESG CREDENTIALS ?
» I think the key to the success in doing that is to not look at ESG as a compliance and as a cost , it is to start to look for ways that ESG and sustainability can drive value creation for the organisation . And I ’ ve been encouraged by some of the more recent research that has shown that the number of executives within financial services , but also outside of financial services , that see sustainability and ESG more broadly as a value creation opportunity is growing every year . And I think that is really the way to successfully navigate a sustainability strategy or ESG strategy – it ’ s to look for ways that can add value to your business . Adding value may be understanding what the climate risk is to your business , getting a better handle on your data , leveraging that data not only for
40 December 2024