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Beyond the Numbers: Corporate ESG Spending Gains Momentum Amid Calls for Transparency

Corporate spending on ESG reporting and compliance is expected to grow as the need for companies to be transparent regarding their environmental impact, exposure, and risks also increases. This is both what top executives anticipate and what research firms are forecasting.

Companies with ESG policies and reporting requirements typically spend on the collection, analysis, and reporting of their ESG data, as well as on software solutions that can help them promote their sustainability goals. Many companies turn to law firms and other service providers to help them in data gathering and the development of disclosure reports required by regulators and investors. They spend on consultants and advisory and research firms to help them develop and implement ESG strategies.

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