Date Added: Feb 2011
As the gradual, but fragile, recovery from the global financial crisis continues, regulators, investors, and other stakeholders are scrutinizing firms' corporate behavior more closely than ever before. In light of recent corporate scandals, stakeholders are acutely aware how poor practice in environmental, social and governance (ESG) areas can damage the prospects of a business as much as financial mismanagement. Accordingly, as investors and other stakeholders put companies under the spotlight, it's increasingly the risks around ESG considerations that they are seeking to identify. Whilst business leaders are placing sustainability in a central role in long-term corporate strategy, many have stopped short of adopting sustainability fully into the business framework, for example in risk management and reporting.