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April 4, 2024

SMEs must better navigate ESG regulations

The UK government intends to formalise the climate disclosure regime by creating UK sustainability disclosure standards, adding an extra layer of complexity to any operation that extends beyond the UK (Photo: Chris J. Ratcliffe/Bloomberg)
The UK government intends to formalise the climate disclosure regime by creating UK sustainability disclosure standards, adding an extra layer of complexity to any operation that extends beyond the UK (Photo: Chris J. Ratcliffe/Bloomberg)

With large companies subject to increasingly rigorous climate disclosure laws, smaller businesses in their supply chains will have to get on board

Environmental, social and governance regulations are tightening, expanding in number and becoming more complex and onerous. Compliance with these regulations will have to become an inherent part of operational procedure for small and medium-sized enterprises if they are to remain legally compliant and attractive to investors, supply chains and consumers.

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