The growing importance of ESG assessment and climate disclosure

The global environment for climate disclosure and environmental, social and governance (ESG) reporting is rapidly changing from a largely voluntary to a mandatory reporting model. The global environment for climate disclosure and environmental, social and governance (ESG) reporting is rapidly changing from a largely voluntary to a mandatory reporting model. The foundation of any reliable ESG risk assessment is transparent ESG disclosure. In addition to broader ESG reporting, disclosure of climate-specific impacts is increasingly important for businesses and financial institutions due to growing recognition of climate-related risks and opportunities and their disproportionate impact on corporate finances. (Ramnath Iyer, more at deccanherald.com)