Reorienting Organisational Strategies Towards An ESG-Integrated Financial System
It comes with little surprise that demand for ESG-integrated systems is growing. Frameworks such as the EU taxonomy not only help investors, companies, issuers and project promoters steer action towards a low-carbon, resilient and resource-efficient economy. They establish a performance threshold for economic activity that; Contributes to 1 of the 6 environmental objectives, i.e., climate change mitigation, climate change adaptation, sustainable use and protection of water and marine resources, transition to a circular economy, pollution prevention and control, and the protection and restoration of biodiversity and ecosystem s, Do no significant harm to the other five, and Meet minimum safeguards (such as, OECD Guidelines on Multinational Enterprises, or the UN Guiding Principles on Business and Human Rights) According to a recent Harvard Law School Forum, the EU taxonomy has had a ripple effect on the US financial sector, given that regardless of the lack of a similar regulatory ...