FTI Consulting's sound list of poor practices (e.g., an undue focus on ratings) addressed in "The Seven Sins of ESG Management" that some companies may engage in (without malintent) as they hop on the ESG bandwagon is a good reminder to embark on the ESG journey carefully, strategically, and holistically, rather than in a reactive or piecemeal manner. The consequences of not doing so may be worse than abstaining until the company considers and affirmatively addresses the "seven sins." The post includes climate risk disclosure case studies to illustrate potential disclosure traps.
Access additional information & resources on our Sustainability/ESG page. This post first appeared in the weekly Society Alert!