As a sustainability professional, I often heard versions of the same message: “sustainability is for rich companies that have money to spare”. Over the years, this outlook has changed in part due to greater exposure to climate risks. Before we truly understood the magnitude of the Covid pandemic, the World Economic Forum Global Risks Report’s top risks in terms of likelihood and impact heavily featured environmental issues. The market is acknowledging the fact that companies do not operate in a vacuum and therefore, environmental, social and governance (ESG) factors should be considered alongside financial metrics in assessing a company’s performance.
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