Future trends and important snack bars
When the discussion was completed, the committee divided insights into future ESG trends and gave companies practical advice.
A shift towards impact measurement: Olivia predicted that the next phase of the ESG would focus more on tangible effects than on broad sustainability goals.
“By 2030 it becomes clear how many goals have been overlooked. The focus will be on the shift what companies have actually achieved, and not just what they have planned.”
Progress in data and AI: Michael emphasized the growing role of AI in improving the ESG data quality.
“Better data enables companies to design stronger business cases for sustainability,” he said. However, he warned that many companies still rely on outdated systems and that ESG reports a manual and inefficient process.
Cooperation and political orientation: Joe emphasized that companies have to work with the governments in order to advance the ESG progress.
“We need ambitious industrial guidelines and business innovations to create the infrastructure required for long -term sustainability.”
For companies that want to refine their ESG strategies, the discussion participants emphasized how important it is to integrate sustainability into core business functions, use data effectively and to focus on areas in which they can have the greatest influence.
While the ESG is developing, companies that can adapt and show tangible value are best positioned for long -term success.