What Happened
Regulatory Pressure Gives Way To Market Forces In Europe
The European Union’s recent reduction in mandatory sustainability reporting requirements has not diminished the pressure on companies to maintain ESG standards. Instead, supply chains have become the new driver of ESG initiatives, with companies facing intense pressure from customers and financial markets to provide emissions data and labor practice documentation. According to a new white paper from RSM, this shift towards market-driven ESG initiatives may provide a competitive advantage for companies that invest in supply chain sustainability. This development was first reported by Consultancy.eu.