Legislator, OECD, EU, United Nations
- Increase in sustainability-related laws worldwide
- Obligations to report about sustainability & CSR in the EU/other countries
- National Action Plans for business and human rights
- OECD guidelines for Multinational enterprises
- ILO core labour standards
- UN resolutions, e.g. on human rights or sustainable development goals(SDGs)
Financial Markets
- Sustainability ratings before lending (with influence on the interest rate) and for insurance premiums
- Environmental, Social, and Governance (ESG) rating and ratings of listed companies
- Evidence for risk management systems
- Demand for regular reporting in the areas of CSR and sustainability
Business Partners
- Demand for evidence of systematic sustainability management, e.g. through, CSR reporting, audits, product review, etc.
- Establishment of sustainability seals on product labels
- Development of socially and environmentally (more) compatible products
- The first approach to the circular economy
Consummers, NGOs and Civil Society
- Transparency and traceability of origin, conditions of production, and product safety
- Compliance with sustainability standards
- Demand for evidence of systematic sustainability management
- Increased demand for socially and environmentally friendly products
- Negative headlines and media coverage