To future-proof a food and beverage company in 2022, you cannot bypass the world of ESG (Environmental, Social, Governance). The world of ESG reporting has evolved rapidly over the last few years to include a wide range of disclosure standards and frameworks that allow retailers, investors, consumers and other stakeholders (such as banks and insurance) to compare performance. We are beginning to see ESG disclosure become a prerequisite for accessing capital and insurance, and it’s even being mandated in some countries for large organizations.
So, how do you know which ESG framework is right for your business? We have outlined the four main ESG frameworks, including who is using each framework and when you should consider using it for your ESG reporting.