ESG: Practical steps for TMT businesses

For TMT businesses, ESG (or sustainability) profile has never been more important. With interest in environmental, social and governance (ESG) issues rising from stakeholders including shareholders, customers and employees combined with a surge of new regulations designed to divert capital into more sustainable businesses, TMT businesses have a major opportunity to assess and improve their ESG profile, making their businesses more attractive to stakeholders and more sustainable. Doing so will also assist in mitigating regulatory and litigation risk.

Senior management and legal and compliance teams can play an important role by helping their firms understand the ESG issues that are relevant and material to their business and developing an action plan to implement measures to improve ESG profile. While companies may already be taking action on certain aspects of ESG, a methodical and informed approach will achieve the best results.

This document examines what ESG means for TMT businesses, why it's important and how TMT businesses can improve their ESG profiles.