Sena, a senior academician was part of research team of KITE University and was involved in research about Environmental, Social and Governance (ESG) and its relevance to current day business. He presented a paper in a S

Key changes that companies must establish to effectively prepare for the challenges posed by evolving ESG reporting mandates are as under: Appoint a Chief Sustainability Executive: The initial impact of these regulatory changes will result in companies making more of a cross-functional effort to understand what needs to happen internally to meet the moment. This will require businesses to build out teams with sustainability roles, from coordinators to C-level executives. Chief sustainability officers will be critical in influencing, communicating, and cutting through organizational complexity to allow their company to deliver on ESG commitments. People generally support the idea of working or living more sustainably until it involves them having to change their behaviors. And this is true in the corporate world as well. Many employees will be slow to adapt to new policies or focus on the difficulties involved with changing operational processes to be a more sustainable business, including how it deals with the IT asset end of-life phase, which requires it to move from a destruction mindset to a reuse/recycle process. It's up to the chief sustainability officer to cut through those obstacles while also continually making an effort to push for change. Once employees are informed and supportive of the goal, they are much more likely to be cooperative with the steps required to get there. This may take some creativity on the part of the chief sustainability executive, for example, including the company's achievement of its ESG goals as an element of employee bonuses could be a true motivator that links teams together to meet a common goal. Create an ESG Policy Budget: New ESG regulations will require organizations to hire people for key roles to implement new policies and to partner with companies that will help them achieve sustainability objectives. The first push-back on change is the lack of budget for making these changes; however, for sustainability policies to be successful, a budget must be set aside, and this will require the CFO's buy-in to make it happen. Justifying the spending may take some convincing, yet many of the changes could potentially save money. For example, extending the life of IT assets will result in purchasing fewer new computers, hard drives, and laptops each year. Assess Partners' Sustainability Practices: With the clear mandate for carbon footprint reduction, companies must now evaluate their supply chain in detail to ensure partners operate sustainably. This assessment goes beyond tangible suppliers like equipment or utilities to include service providers such as accountants and insurers. Since a company's footprint is impacted by its partners, it is vital that each of them takes measurable steps to cut emissions. With governments worldwide tightening regulations and separating genuine sustainability efforts from "greenwashing," companies that ignore this shift risk being left behind. Though compliance may demand time and resources, organizations that proactively align with net-zero goals will not only future-proof their businesses but also strengthen stakeholder trust and investor confidence.