That’s according to new findings from the research arm of tech and business consultancy Infosys Ltd. 500209, -3.15%.
The Infosys report found that the higher up the corporate management chain ESG was embraced and addressed, the more lucrative its payoff. The report found that nearly all — 90% — of responding executives said their ESG spending led to moderate or significant financial returns, and that 66% experienced ESG returns within three years.
“There’s this implied assumption there that ESG is good for people but bad for business. As a result, it’s treated as a compliance matter,” said Singh. “Executives don’t always invest in ESG like they would in something that they consider part of their core business.” However, less than one-third of companies share ESG expectations or requirements for suppliers. Only 16% say they renegotiate contracts based on ESG data from those in the supply chain. This indicates a clear need for more leadership in the supply chain, as well as incentives to share ESG data, the report said.
Anybody else smell bullisht?
Anyone who believes that deserves to get rekt.
What nonsense
That’s ridiculous.
Profit is the only what matters !
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