As global corporations face increasing pressure to report their ethical and environmental credentials, it is spurring a booming industry in businesses looking to verify these corporate claims.
Corporate Social Responsiblity (CSR) has become a key part of financial reporting for many companies, requiring businesses to asses their social and environmental impacts instead of just focusing on economic profits.
At the beginning of 2023, the EU implemented a Corporate Sustainability Reporting Directive, which demanded all large companies report on the impact of their business on people and the environment.
More stringent regulatory frameworks are also taking shape in the United States and through the International Sustainability Standards Board (ISSB), which sets standards for climate-related financial disclosure.
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