Carina Jandt, Co-Founder and Managing Director of Event Cycle, discussed the impact of the Corporate Sustainability Reporting Directive and the Directive on Corporate Sustainability Due Diligence, integral components of organizations’ Environmental, Social, and Governance (ESG) activities.
ESG evaluates companies beyond financial performance, incorporating governance, environmental, and social aspects. While governance has long been part of due diligence, the new directives focus on environmental and social elements, significantly affecting businesses. Although primarily aimed at larger organizations, their impact ripples through business ecosystems, affecting even smaller entities.
Jandt advises businesses, regardless of size, to proactively address sustainability measures, anticipating client expectations. With sustainability increasingly integrated into Requests for Proposals (RFPs), transparency in reporting is crucial. Jandt emphasizes early action, urging businesses to familiarize themselves with the directives, assess their applicability, and adopt transparent sustainability measures to stay ahead of client and regulatory expectations.
#ibtmworld #ibtm2023 #association #venue #destination #meetings #miceindustry #meetingsandevents #eventprofs #convention #meetingprofs #linkedinforcreators #linkedinnews #linkedinnewsletter #linkedinnewsasia #bei
