TEXT: -Prioritizing sustainability including climate action builds resilient businesses that create long-term stakeholders' value.
Climate action creates new employment opportunities in sectors such as renewable energy, energy efficiency and sustainable agriculture.
COP27 saw the launch of a new five-year work programme to promote climate technology solutions.
DEI is critical to achieve the recognized global standards of performance and excellence.
Professional accountants have a critical role in putting sustainability at the heart of decision-making, and in championing responsible practices.
Recommendations:
Integration of sustainability in decision-making framework is crucial to thrive.
Business ESG integration helps build public trust, enhance brand assets and contribute to sustainable development.
All stakeholders (public & private) must create an integrated enabling economic framework.
Policy makers, regulators and businesses need to partner and build long-term commitments to promote ESG awareness, capacity building and adoption of sustainability reporting best practices.
Independent and diverse boards focus on "S" within ESG to promote gender equality.
Copyright Business Recorder, 2023
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