Sustainability is moving from being primarily about corporate responsibility to a process that can create long-term economic value.
Sustainability is moving from being primarily about corporate responsibility to ...
Increasingly, there is a 'hard' economic and commercial edge to the social and environmental issues faced by all organisations and governments. Sustainability is moving from being primarily about corporate responsibility to a process that can create long-term economic value.
Underpinning this change are the regulatory responses to the increasingly significant environmental and social risks. In China, a revised Environmental Protection Law came into effect on 1 January 2015, which includes a daily fine for specific offences. China has also issued its first national standards for accounting and reporting standards for greenhouse gas emissions in 10 key industries. In Hong Kong, the Stock Exchange clarifies that the board is responsible for its company’s environmental, social and governance (ESG) strategy and reporting.
These developments are reshaping business opportunities and risks and have the potential to significantly impact financial performance and long-term business success. One example is the emergence of green bonds – an increasingly attractive mechanism for organisations to raise capital for projects which have an environmental benefit such as renewable energy, low carbon transport or forestry projects.
Our sustainability professionals work with organisations to respond to environmental and social issues in order to manage risk, create value and achieve a competitive advantage.
How we can help
Below are some possible areas where we can assist you in mitigating ESG risks and seizing opportunities to drive business sustainability:
KPMG’s Survey of Corporate Responsibility (CR) Reporting has been monitoring developments in the field of CR and sustainability reporting since 1993.
Briefing on the outcome of COP22 – the 22nd UN Climate Conference.