An increasing number of countries and regions (i.e. the EU, Switzerland) are introducing legislation requiring companies to annually report on a number of ESG metrics, according to predefined reporting standards.
These rules mean many more companies have to comply with a much wider set of non-financial reporting requirements. This means companies are legally required to meet a higher level of sustainability disclosure. It also means that you will be competing in a market, where "everyone is sustainable, and therefore no one is".
How can you stand out from the crowd?
The solution is to not stop at compliance, but to find a sustainability differentiator for your business. What is the key societal issue that you can help solve?
This is crucial for your license to operate, because investors, customers and employees want to only invest in, buy from, and work, for a company which has a good story to tell on sustainability.