Top 6 ESG Trends and Risk Management Strategies for 2023 and 2024 [Video]

The past year has significantly altered the landscape of Environmental, Social, and Governance (ESG) risks in global supply chains. With evolving due diligence legislation and increasing climate threats, businesses must navigate complex challenges to maintain responsible sourcing practices.

In 2023, US domestic suppliers faced heightened scrutiny for labor malpractices, challenging preconceived notions about high-risk regions. This report by LRQA highlights, the top trends of 2023, emphasizing the need for enhanced due diligence and sustainable business strategies. It also advises how companies should adjust their strategies to adapt for the near future Explore the top ESG Trends fully and learn how to proactively address risks in 2024.

Key ESG Trends in Due Diligence and ESG Risk Management1. The evolution of due diligence legislation Due diligence legislation is evolving to address the increasing need for corporate responsibility, particularly in areas of human rights and environmental protection. Recent laws mandate that companies …