In addition to proposed regulatory mandates, “ESG Reporting for Private Companies” from Fenwick & West identifies other solid business reasons for private companies to consider developing an ESG reporting program, including potentially greater access to capital, commanding greater desirability and a higher premium in M&A transactions, employee and consumer preferences, and investor demand. If a private company decides that it wants or needs to do so, the report outlines at a high level the steps such companies should take to establish a viable ESG program.