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esg reporting
environmental social and governance reporting is an activity that businesses above a certain size must complete
what an esg report describes
the overall impact an organisations activities have on the environment public health and the quality of life of employees
greenwashing
when an organisation provides misleading or false information about the environmental activities goods or services of the organisation (over emphasis on sustainable practices)
benefits of esg reporting
supports sustainable businesses
easier to track investment
reduces risk of future reputational damage
challenges of esg reporting
could be innacurste or misleading
difficult and costly to collect and verify data
must allocate resources to prepare report
geeenwashing