Embracing impact materiality is a necessity for measuring financial resilience

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The story "Embracing impact materiality is a necessity for measuring financial resilience" was covered 18 hours ago by Business Mirror, a news publisher based in Philippines.

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Embracing impact materiality is a necessity for measuring financial resilience - Business Mirror

Quick Summary:

CEOs of the largest asset management institutions—though they have become quieter recently—have emphasized that traditional reporting no longer fully captures all the risks and opportunities businesses face, in the medium and long term.

A recent analysis by the European Central Bank climate targets among major financial institutions, exposing them to heightened transition risks and reputational vulnerabilities.

Despite the emergence of the “anti-ESG” movement in recent years, particularly in the USA, it is fair to say that the classic view of the role of business—to provide goods and services while maximizing profits for its shareholders, with sustainability and profitability deemed as incompatible—is coming under pressure around the world.