Many companies have made bold promises in recent years to enhance board diversity, use renewable energy sources, and operate an ethical supply chain. All laudable goals. But how many of these environmental, social and governance (ESG) commitments have been pressure tested?
In other words, what underlying information is used to support and measure these lofty aspirations? Unfortunately, in some cases the backup data is thin. If there are discrepancies, it’s only a matter of time until regulators or the public discover them – putting companies’ reputations at risk.
