Comprehensive environmental, social, and corporate governance reporting has begun to drive corporate transformation around the world reports EIN News (UK) in a story discussing new case studies from the World Economic Forum.
The International Food Policy Research Institute (IFPRI) suggested the current business-as-usual water management practices and levels of water productivity will put at risk US$6.3 trillion, or 45 percent, of the projected 2050 global GDP, equivalent to 1.5 times the size of today’s entire global economy. With growing populations and increasing economic activity in many regions, the demand for water continues to increase. It has now become absolutely necessary that a globally harmonized measurement system be formed, and the relevant tools are accessible to ensure that corporates can efficiently work towards achieving their ESG goals. Coordination will be critical to ensure that the clarity and transparency of ESG reporting improves globally.