A rapidly evolving global landscape is driving increased demands and pressures on businesses to implement sustainable initiatives that turn ESG into action. This shift is also an opportunity to help fulfil their purpose, achieve goals and position themselves for future growth.
Businesses have become exposed to significant ESG legal risk due to a global imperative to change corporate behavior, which requires a deep understanding of rules and regulations across jurisdictions.
Having robust tax policies and practicing good tax governance are critical steps when increasing transparency to showcase responsible tax practices. Being able to benchmark against standards and peers provides valuable insights and improves decision making. As businesses take steps to decarbonize their business and supply chains, it is imperative they consider where rapidly changing tax regulations may impact strategic decisions, as costs could increase, but significant opportunities to access tax incentives or other funding opportunities may arise.
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