(Reuters) More than half of 530 corporate executives have little or no confidence in the reliability and maturity of their environmental, social and corporate governance (ESG) programs, according to a global survey from corporate governance advocacy non-profit OCEG.
The report paints a dim picture of the corporate world’s perception of ESG initiatives, which vary greatly in ambition, disclosures and standards across companies and are increasingly coming under scrutiny from regulators concerned about “greenwashing”.
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