ESG is increasingly in the mainstream and its importance is multifaceted, said Robin.
Investors want due diligence across the ESG landscape. For example, he said, “private equity funds are being measured on the amount of money they deploy into ESG focused businesses, as well as measuring how their portfolio companies are performing against various ESG measures.”
“Legislation and regulations around ESG are more prevalent, more real and better understood,” he added. “And staff and business owners are taking ESG ever more seriously, with more people entering the workforce demanding that a company’s ESG credentials be very real.”
It’s not about having all the answers, said Roland. The important point is for all tech businesses to be prepared for the questions. “You need to demonstrate that you have thought through your ESG position carefully, can articulate what you're doing, and be able to have it diligenced.”