Transparency and stakeholder trust were recurring themes in August of 2023. We talked about materiality assessments as a tool for integrating sustainability into business strategies, building trust with stakeholders, attracting responsible investors, and enhancing competitiveness. And in one of our articles we examined three compelling business reasons to focus on sustainability:
- Avoiding future liabilities from externalized environmental costs
- Judicious conservation of scarce resources to avoid shortages, preserve future supply, and avoid activist and competitor claims
- Enhancing your environmental reputation and stakeholder trust.
Rounding out the month we looked at changing investor criteria for evaluating oil and gas investments.