The corporate world has been dealing with “ESG” for years, but now the system is encroaching on small business, and is threatening to bring with it a new world of bureaucratic pain. Environment, social and governance considerations, collectively known as “ESG” are likely to become a bigger issue for SMEs in coming years, as governments and big corporations crack down on compliance. Anne Nalder, the CEO of the Small Business Association of Australia, discusses the imminent challenges and future obligations for small businesses.
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