Over the last decade, sustainability has evolved from an environmentally focused discipline to a key driver of business strategy, while responsible investing has become a mainstream expectation rather than a niche concern. This need to embed sustainable practices throughout the economy is a result of multiple factors including compliance, consumer demand, investor pressure, operational necessity and employee engagement, with pace of change only set to increase.
More than a year into the UN designated ‘Decade of Change’ we have already seen a plethora of policy and regulation relating to sustainability. The forthcoming COP26 conference coupled with the Biden administration’s desire to re-establish a US leadership role in the climate change are likely to build on this foundation. This is mirrored by the EU President’s flagship policy, the ‘European Green Deal’, with a climate law, and revisions of a range of associated policy instruments and new proposals planned for 2021. Included in these plans are the draft Corporate Sustainability Reporting Directive which, if adopted, would require an additional 40,000 European companies to report audited ESG data. At a local level, Ireland’s first five-year carbon budget will outline sectoral decarbonisation target ranges and pathways influencing investment. The next years will see ‘business as usual’ models challenged like never before, with the impacts of regulatory changes aimed at dramatically reducing greenhouse gases at the fore.
We recognise that businesses are operating at different levels of maturity when it comes to sustainability, and pride ourselves on working with our clients to develop bespoke solutions to their exact needs. The prize that awaits those that can adapt to this new reality is a resilient business that can capitalise on the opportunities this change will bring, contributing to a better future for all stakeholders. We can assist your business with:
Why Grant Thornton
Grant Thornton’s expert team offer a wide range of services and have a unique blend of sustainability and professional services experience. We can support businesses seeking to establish a market leading and value adding sustainability position, businesses trying to better understand and comply with emerging regulations and businesses who want to be more sustainable but are unsure where to start.
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