Rising regulatory demands
Rising regulatory demands: Materiality assessments are crucial as, in 2024, European Union companies may need to comply with intricate sustainability reporting standards, ensuring they prioritize and disclose pertinent information for effective and meaningful reporting.
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Increasing investor expectations
Investors emphasize that integrating materiality assessments and sustainability is crucial, as initiatives to enhance the environment and society significantly influence their investment choices, reflecting a growing awareness of responsible and impactful investing.
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Rising consumer demand
ESG metric tracking is vital due to the increasing consumer demand for eco-friendly products. Global consumers are ready to alter their buying behaviour to minimize environmental impact, necessitating these measures.
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New economic prospects
Knowing implications of buisness activities on environment and social aspects are vital for growth in the new economic landscape. Robust climate action could unlock trillions for the global economy by 2070, emphasizing the strategic importance of environmental responsibility.
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