At Baker Tilly, we are closely monitoring the key trends that will define 2025:
1. Stricter ESG regulations and reporting standards
Regions like the EU, UK, and Canada are implementing more rigorous regulations, requiring companies to disclose their ESG performance. The adoption of IFRS S1 and S2 standards by the International Sustainability Standards Board (ISSB) aims to unify reporting practices, enhancing global transparency and comparability.
2. Consolidation of global sustainability frameworks
The alignment of different sustainability frameworks is simplifying compliance and improving clarity for investors and stakeholders. This consolidation facilitates the integration of ESG information into financial reports, strengthening investor confidence.
3. Growth of carbon markets
With the increasing focus on reducing emissions, carbon markets are expanding, offering companies opportunities to offset their carbon footprints and invest in clean technologies.
4. Sustainability in supply chains
Companies are prioritizing sustainable practices in their supply chains, ensuring environmental and social responsibility from source to final product.
5. Technology integration in ESG strategies
Technology plays a crucial role in monitoring and reporting ESG metrics, enabling more efficient and transparent sustainability management.
At Baker Tilly, we are ready to support organizations in navigating this evolving landscape, promoting responsible and sustainable business practices.