Previously, we discovered a tapestry of trends impacting the U.S. consumer products industry in 2024. The year will be known for growing consumer awareness and resistance to rising prices. However, priorities don’t just end with matching customers’ product value, innovation, and sustainability expectations! Companies in the consumer products industry have regulatory and legal obligations to… Continue reading 2024’s Top Risks in Consumer Products Industry: Uncovering Legal Risks (Part 2)
IBM OpenPages GRC Services | GRC Consulting – iTechGRC
Tag: ESG
Greenwashing, U.S. Elections, & Anti-ESG Movement: What’s Brewing in 2024
Events on the global regulatory front in 2023 turned environmental, social, and governance (ESG) into a serious boardroom agenda. Concurrently, there are businesses playing along the sustainability lines by wrongfully claiming and marketing their products and practices as ‘sustainable’ and ‘eco-friendly’. The practice of misleading consumers with a make-believe sustainability posture to drive profits is… Continue reading Greenwashing, U.S. Elections, & Anti-ESG Movement: What’s Brewing in 2024
Understanding ESG Materiality & its Importance in Sustainability Reporting
In a recent PwC survey, 76% of consumers said they would cease associating with brands and companies that treat employees, communities, and the environment poorly. Growing consumer awareness of environmental, social, and governance (ESG) components demands more actions towards ESG materiality assessments from businesses. ESG materiality assessments are iterative and unique to every business and… Continue reading Understanding ESG Materiality & its Importance in Sustainability Reporting