ESG Disclosure Requirements Are Coming Next Year – What You Need To Know and Do
Updated: May 18
ESG disclosures aligned with the International Sustainability Standards Board (ISSB) are now a legal requirement for public companies starting in 2024. The ripple effect of this is also impacting private companies on multiple fronts. Now is the time to get in front of this before your customers, lenders, compliance officers, insurance and other stakeholder demands for ESG statements overwhelm you.
Drivers Of the ESG Movement: Follow the Money
ESG is not a woke concept, it is backed by over 20 years of hard data. The reality - all else being equal, companies that manage their material environmental, social and related governance issues as diligently as they do financial ones are consistently more profitable.
ESG-related risks cost businesses and their stakeholders billions of dollars each year. Therefore investors & stakeholders need verifiable insight into the value of a company’s intangible ESG-related assets. ISSB-aligned ESG statements and scores provide this insight.
Over the past 50 years there has been an inversion as to how companies are valued: today up to 90% of a company’s value is attributed to ESG-related and intangible assets.
Investor grade ESG statements alongside financial ones are critical to managing and future proofing companies
Not all ESG Statements or Impact Reports are Created Equal
Investor Grade Is the Verifiable Path Forward
Publishing an impact report or statement without verifiable data to back up claims is a liability. Thousands of companies are being sued by the SEC and FTC for greenwashing. To avoid greenwashing, companies need investor grade data-backed ESG statements akin to financial statements.
Verifiable ESG practices & communications are the new competitive advantage. Retailers, consumers, investors and other stakeholders are increasingly aligning with brands they trust, and verifiable ESG claims provide this.
Impakt IQ is the leading investor grade enterprise ESG tool that provides companies with the integrated framework, benchmark and statements that align with International Sustainability Standards Board (ISSB). A must for all public and private companies.
Please contact us to learn more about the Impakt IQ ESG Benchmark Assessment and investor grade ESG Roadmap, your first step toward ensuring you are on the right ESG path!
For more information, please contact us at: email@example.com.