Driving Change: Why effective ESG reporting is key to future growth

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20 November 2024

London – HLB today releases, How ESG Reporting Fuels Sustainable Growth, highlighting the rising importance of Environmental Social and Governance as it transforms into a core aspect of businesses’ strategies globally. The report aims to provide actionable guidance to help organisations navigate ESG reporting, regulation and changing market demands for an easier ESG adoption.  

Report highlights include: 

Strategic growth through ESG: The report reveals that businesses reporting on ESG practices are attracting top talent and investors focused on sustainability. 

Regulatory compliance & risk management: With increasing regulatory scrutiny worldwide, the report emphasises the importance of aligning ESG initiatives with compliance mandates like the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD).  

Consumer trust & market positioning: The report highlights the trend of younger generations favouring brands with strong ESG credentials, driving companies to integrate sustainability into their core business models. 

Clensy Appavoo, Global ESG Advisory Leader 

"ESG reporting is not just a compliance necessity but a catalyst for driving innovation and securing a competitive edge in today's marketplace. Our report provides companies with the tools to harness ESG as a core business strategy, ensuring long-term success”.  

Josh Couchman, Head of Data at Connect Earth, added: 

"Businesses must view ESG as an opportunity rather than a challenge. The findings of HLB's report demonstrate the significant benefits of a well-executed ESG strategy, including enhanced resilience against market risks and meeting the demands of younger consumers”.  

For companies worldwide, adopting best practices in ESG reporting is not just about staying compliant but about using sustainability as a pivotal element of long-term success and market leadership. 

About HLB

HLB International is a global network of independent advisory and accounting firms and through the power of 46,755 professionals across 157 countries, we combine local expertise and global capablities to service client's needs. Learn more about HLB's global services and capabilities: www.hlb.global

HLB refers to the HLB international network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.hlb.global/legal for further details.

© 2024 HLB International limited. All rights reserved.

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