Alex Kotsopoulos, a partner in RSM Canada’s environmental, social and governance advisory practice, discussed the importance of taking a structured approach to ESG reporting and integration. What follows is a conversation that has been edited for brevity and clarity.
Q: How has the conversation surrounding ESG changed recently?
A: Companies of all shapes and sizes have been thinking about sustainability for a long time now. It is not a new topic. Companies fundamentally understand that they need to think about their stakeholders and the communities where they operate. What’s changed are the expectations of these companies and that they are being held accountable. That’s where rigorous ESG reporting comes in. Stakeholders are demanding that companies report on these factors in a much more structured way and think about ESG at an operational level across the organization.