IN today's age, the global viewpoint on ESG (environmental, social and governance) compliance is that it has become an essential aspect of corporate reporting. With the environment deteriorating at an alarming rate and social inequities persisting, businesses need to adopt sustainable practices that promote social equity and ensure long-term sustainability. As a result, regulatory bodies worldwide are taking exponential steps toward ensuring transparency and accountability in corporate reporting. ESG compliance is no longer a choice but a must for businesses to thrive in the current global landscape.

Fortuitously, I had the privilege to be part of the recently concluded Picpa Accountancy Week Celebration ― Public Accounting Industry Sector Day, a remarkable event that unfolded on July 18, 2023. One of the topics that caught my attention was the discussion on ESG compliance, its impact and how public practice should prepare for what's to come.