The ESG Evolution: Impacts on the strategic direction of businesses

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  • Publication
  • May 22, 2023

Overview

Businesses and the world at large, though significantly impacted by unplanned global events, continues to develop resilient measures in adapting to the effects of these unforeseen events whilst taking into account the growing prominence of environmental, social and governance (ESG) considerations.

The need for businesses to adapt to a changing world cannot be overemphasised, with a steady shift from the singular traditional focus on financial performance measures such as revenue and ultimately profitability to an increased awareness and importance of the processes businesses employ in delivering output.

Stakeholders are demanding that businesses start measuring success not only in terms of profit, but also through environmental sustainability, employee engagement, external partnerships and societal impact. As a result, societal needs and business opportunities are coming together to transform the way companies craft strategy, drive performance and report results

PwC team discussing ESG.
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