According to a report released by Capgemini Research Institute, some 65% said their company would not have launched several environmental sustainability initiatives if not for regulation.
An executive from a large European telco explained that ESG regulation carried the risk of becoming 'a mere compliance task driven by reporting requirements.'
Sven Jansen, head of global finance at Hellmann Worldwide Logistics, remarked that while legislation fuels sustainability efforts, the increased workload can create major obstacles.
The study revealed that 67% of organizations believed they would not have achieved their sustainability goals without the help of climate technology.
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