Environmental, Social and Governance (ESG) Regulations are government standards for ESG-related actions, reporting or disclosures. While the ESG space is mostly unregulated, various legal requirements have already passed in some jurisdictions, with the EU leading in this regard, but implemented at different paces.
Some businesses may already be undertaking ESG reporting and disclosures, depending on their size and industry.
AIA welcomes the recent update report from Squire Patton Boggs which looks at the myriad of regulations across the world and what organisations should be doing to remain compliant.
AIA Chief Executive, Philip Turnbull added Embracing ESG regulations isn’t just a necessity; it’s a chance for businesses to contribute positively to the world while securing their future resilience and relevance in a rapidly changing landscape.
As accounting and finance professionals working across all areas of the economy, we know first-hand the costs of inaction to the businesses and organisations we lead and advise.
Acting now is an investment that will not only improve the lives of millions of people but safeguard our future economic prosperity and business resilience.
