ESG Reporting Mandates to Know for Third-Party Risk
It's been a minute since I've been here sharing content and it's nice to see the community growing! We recently published a blog post about ESG and some of the challenges we are seeing as people try to navigate today's regulatory landscape. As ESG continues to grow in focus, I thought it relevant and timely to share this piece.
I thought this part particularly interesting: A report from Morningstar found that 88% of organizations with high ESG index ratings outperformed their market equivalents for five years through the end of 2020. The report proves that organizations that prioritize ESG demonstrate resilience and increased profitability. The lynchpin for third-party risk management will be ensuring that vendors prioritize it too.
With more mandates likely coming, it's a good idea to jump on board the ESG train now.
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