In the coming years, the EU’s Corporate Sustainability Reporting Directive (CSRD) and the Directive on Corporate Sustainability Due Diligence will enhance transparency regarding companies' efforts in sustainability, ethics, and governance.
Amid these new demands, companies risk focusing excessively on compliance and merely meeting minimum requirements, rather than establishing a new purpose and comprehensive strategy for future ESG work. In essence, it is not solely about compliance, but also about developing ethical standards and prioritising efforts.
While compliance may currently dominate attention, strategy implementation is equally crucial. According to a 2023 survey by Morningstar Sustainalytics, 90% of companies either have or are developing a formal ESG strategy. However, many face significant challenges, such as concerns over performance, a lack of comprehensive data, and fears of greenwashing. Indeed, balancing ESG with growth targets remains one of the most prominent concerns.
So, how can companies transition from compliance to strategic implementation? What are the key challenges for Danish companies, and what should they consider when building a strategy based on reporting?
Building on the success of our previous event, 'The end of ESG? Navigating the turbulent landscape', we are excited to invite you to our second event on current ESG challenges and opportunities. Once again, we have invited CBS Associate Professor Kristjan Jespersen and Simon Taylor, Senior Director and Co-founder at Position Green, to discuss ESG, focusing this time on the transition from compliance to strategy implementation and new insights from Position Green's anticipated new ESG100 report.