Voluntary policies continue to dominate ESG landscape
Despite the growth in mandatory reporting, voluntary policies remain more prominent.
Voluntary ESG frameworks continue to dominate the landscape of ESG and sustainability policies, with the proportion of mandatory policies continuing their downward trajectory since the introduction of the UN Sustainable Development Goals.
Today, 58% of global ESG business regulations are voluntary, according to the the 2024 Carrots & Sticks report by researchers at Kingâs Business School and The University of Edinburgh Business School. In 2023, voluntary policies accounted for 55.2% of global ESG business regulations.
