Strategic Focus: Unpacking The S In ESG Regulations
30 Aug, 2023
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Executive Summary
ESG is increasingly embedded into everything an organization does – yet there remains confusion about the role that the ‘S’ plays, both within organizations and in regulatory frameworks. Against this backdrop, this report provides an overview of regulations relevant for social disclosures, to enable firms to navigate the regulatory landscape efficiently and make meaningful disclosures. The C-Suite and sustainability executives should use this report to underpin and develop effective social strategy, as they work within the evolving regulatory environment.
The ‘S’ in ESG requires the immediate attention of firms
S is overshadowed by E and G, for multiple reasons
Recurring themes for social disclosures are board diversity, modern slavery and pay parity
Analysis of the social disclosure landscape delivers profound learnings
Changes in social disclosures are on the horizon
S is overshadowed by E and G, for multiple reasons
Recurring themes for social disclosures are board diversity, modern slavery and pay parity
Analysis of the social disclosure landscape delivers profound learnings
Changes in social disclosures are on the horizon
Figure 1. Components of human capital
Figure 2. Components of social capital
Figure 3. Social regulatory landscape for firms
Figure 4. Regulations for social disclosures in the UK
Figure 5. Regulations for social disclosures in the EU
Figure 6. Regulations for social disclosures in the US
Figure 7. Five trends corporates need to prepare for
Figure 8. Canada's Modern Slavery Bill
Figure 9. Voluntary frameworks and guidelines for social disclosures
Figure 2. Components of social capital
Figure 3. Social regulatory landscape for firms
Figure 4. Regulations for social disclosures in the UK
Figure 5. Regulations for social disclosures in the EU
Figure 6. Regulations for social disclosures in the US
Figure 7. Five trends corporates need to prepare for
Figure 8. Canada's Modern Slavery Bill
Figure 9. Voluntary frameworks and guidelines for social disclosures
Refinitiv, Organisation for Economic Co-operation and Development (OECD), University of Oxford, G20, Microsoft, Fortune, Lloyd’s of London, UN Global Compact, Taskforce on Social-related Financial Disclosures (TSFD), Bloomberg, International Sustainability Standards Board (ISSB), Thomson Reuters, California Public Employees’ Retirement System (CalPERS), Apple, Google, Taskforce on Inequality-related Financial Disclosures (TIFD), European Commission, International Labour Organization (ILO), Nike Canada, Arabesque, EU Council, Dynasty Gold, Uber, US House of Representatives, Schroders, ShareAction, Unseen, Sustainability Accounting Standards Board (SASB), US Securities and Exchange Commission (SEC), Canadian Ombudsperson for Responsible Enterprise (CORE), UN, US Supreme Court, Morgan Stanley Capital International (MSCI), UK Financial Conduct Authority (FCA), NASDAQ, US Senate
About the Authors
Kim Knickle
Research Director, ESG & Sustainability
Kimberly Knickle is Research Director of the ESG & Sustainability practice at Verdantix. Her research areas encompass ESG regulations and reporting, ESG risk, supply chain…
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Priyanka Bawa
Senior Analyst
Priyanka is a Senior Analyst in the Verdantix ESG & Sustainability practice. Her current research focuses on ESG and sustainability consulting services and social asp…
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