ESG Risks Are Material, Survey Says

(from FEI Daily) Finance leaders acknowledge that many ESG risks are already material today, according to a recent survey by BDO. Some see risks in non-compliance to forthcoming regulations, while others see risks in stakeholders scrutinizing organizational practices and operations. Roughly two-thirds of CFOs surveyed said they believe ESG concerns like natural disasters, data privacy breaches, and public health threats pose at least some risk to their business in 2023. The Inflation Reduction Act provides opportunities to mitigate these risks and turn responses into positive initiatives. 

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