There is huge momentum building around ESG from all angles. Political leaders are making serious changes in the world, from the Paris Agreement to proposed Green New Deals (US), Green Finance Strategies (UK) or committing to mid-century net zero carbon targets. Regulators are working with governments and think tanks to implement mandatory climate related financial disclosures.
Consumers are changing their purchases to reflect their sentiments on sustainability, and brand trust, loyalty and price expectations are shifting to reflect this. Even Mark Carney is juggling his new role as Head of ESG for Brookfield with being the UN Special Envoy for Climate Action and Finance, and COP26 Finance Advisor to the Prime Minister.
Not only this, but recent events such as COVID-19 have highlighted the importance of companies’ stewardship, environmental impact, and working practices. It would be hard to argue against the fact that 2020 has catapulted ESG thinking to the top of the CEO agenda.