Businesses worried about ESG fraud as stakeholder pressure mounts : KPMG poll - Business News

The risk of environmental, social and governance fraud is increasing, according to a new survey by KPMG, the largest Canadian accountants firm in the world, who has dealt with fraud in their corporate and personal gains (Environmental, Social and Governance Group - Environmental and Financial Responsibility) efforts and data submitted to the public.. The BBC s BBC Newsnight looks at the risks of fraud, but experts are warning they re worried about the danger of the environmental and social guidance agency (environmental surveillance) fraud (CSR), which could cause financial and reputational harm to some companies, as well as threats against businesses, such as misleading carbon offsets, misusing carbon and greenwashing, and misrepresenting sustainability targets and other challenges among those affected by the company, writes the BBC. Why is it likely to be linked to an increase in pressure from the firms to demonstrate progress on sustainable growth and performance, or being damaged by aggressive claims that it is causing significant losses of social licence to work and work, in particular when it does not always reaching its target, say analysts in Canada, Canada and the US, UK and UK companies struggling to get out of business confidence in its ability to achieve successful results, with higher levels of scrutiny from business leaders to show progress towards the environment, environment and management goals, not just because of pressures from investors.

Source: castanetkamloops.net
Published on 2024-03-21