ESG: The new lens for business decision making
Environmental, Social, and Governance (ESG) reporting is undergoing a profound transformation. It is becoming more organised, and businesses face stricter regulations. This transformation demands innovation in data collection, reporting, and substantiating information, as this data will need rigorous auditing. To navigate this transition successfully, both a comprehensive redesign of affected processes and the integration of crucial technological advancements become indispensable prerequisites. This paper provides a comprehensive overview of the evolution of ESG reporting and its impact on businesses.