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ESG disclosures are coming for small and medium enterprises
March 21, 2024
FinComm Services
ESG, Disclosure, Governance
Until recently, corporate sustainability reporting was essentially reserved for the very largest, publicly-listed companies around the world. But the current whirlwind of change towards regulated, standardized, audited, and digitized disclosures is sweeping up companies of all shapes and sizes.
ESG disclosures are coming for small and medium enterprises
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Since CIRI's last Backgrounder on this topic in February 2025, the pace of new developments in the area of ESG standards and regulatory disclosure has slowed. The most significant development has been the cessation of all progress by the U.S. Securities and Exchange Commission toward the development of climate disclosure rules for listed companies.
Millani's eleventh Semi-Annual ESG Sentiment Study of Canadian Institutional Investors finds that current pushback on ESG is less a retreat than a pause, with uncertainty eroding disclosure quality, trust, and ultimately increasing the cost of capital.
