Demand is growing for companies to create action-oriented ESG strategies, due to megatrends ranging from climate change and shifting demographics, evolving reporting standards and growing expectations from customers. It’s increasingly vital that companies elevate ESG impact for their stakeholders, including employees, customers and investors.
Scope 3 emissions represent the largest and hardest to address segment of most corporate carbon footprints. Complex global value chains, inconsistent measurement, and a lack of transparent disclosure pose immense challenges for companies looking to develop a clear understanding of their full climate impact – a necessity for delivering on science-aligned net zero commitments.
With COVID-19 sharpening the focus on creating long-term value for internal and external stakeholders, what challenges are companies likely to face when implementing stakeholder capitalism and how do they overcome them?