ESG isn’t about checking a box. It’s about running a responsible and responsive business for the long term. It’s about connecting your business to societal impact to create sustainable business advantage and value. So how do you get there from here?
Tax is a significant value driver when businesses need to build their plans to deliver on ESG goals. ESG standards are rapidly expanding to include taxes paid, and governments are progressively using tax incentives for sustainability to encourage responsible corporate behavior and meet sustainability goals. Governments are also looking at carbon tax as a way to put a price on carbon. Furthermore, stakeholders are increasingly considering ESG through a tax lens when assessing a company’s risk profile and strategy, and they expect tax transparency from companies they do business with.
How can your company turn ESG expectations into action? Businesses should put theory aside and develop a practical plan to create value through ESG. Step forward and get ready to tell your tax ESG story.
Tax within the ESG landscape is key to shaping how governments can incentivise businesses to meet long-term sustainability goals. Tax as an ESG metric can bring value to the business and enhance a company’s reputation.
We’re ready to help you take on today’s most pressing business challenges. Reach out and start a conversation today.