What Challenges Do Leaders Face in Implementing ESG?
Implementing ESG criteria can present several challenges for business leaders, including:
Resource Allocation: Allocating sufficient resources to ESG initiatives can be challenging, especially for smaller companies with limited budgets. Compliance and Regulation: Navigating the complex landscape of ESG regulations and standards can be daunting. Stakeholder Expectations: Balancing the sometimes conflicting expectations of different stakeholders can be difficult. Cultural Change: Promoting a culture that values ESG principles may require significant effort and time.