ESG is made up of the initials of the words environment, social, and governance. ESG reports, also known as corporate social responsibility reports and sustainability reports, are the disclosure of corporate ESG information, which systematically sorts out and summarizes the company's social responsibility concept, target strategy and related measures, as well as the impact of business activities on the environment, society and other fields.
The demand for ESG reporting is getting higher and higher for enterprise development, so what role does ESG reporting play in enterprise development? Why is there such a pressing need for ESG reporting? Next, let's talk about the role of ESG reporting for enterprises.
Because capital is increasingly fond of companies with good ESG performance, companies regularly display their ESG reports, which is conducive to showing the value of the company, better facing opportunities and challenges, and gaining the love and support of capital, which is of great benefit to corporate financing.
In addition, it is also a benefit for the capital market, the display of corporate ESG reports can allow the capital market to obtain more intuitive and real corporate information, evaluate the advantages and disadvantages of enterprise development, the sustainability of corporate operations and the impact on society, and obtain medium and long-term investment goals.