A rapidly evolving global landscape is driving increased demands and pressures on businesses to implement sustainable initiatives that turn sustainability into actionable plans. This shift is also an opportunity to help fulfil their purpose, achieve goals and position themselves for future growth.
Businesses have become exposed to significant environmental-, social- and governance-related legal risk due to a global imperative to change corporate behavior. Minimizing this risk requires a deep understanding of rules and regulations across jurisdictions. Having robust tax policies and practicing good tax governance are critical steps when increasing transparency to showcase responsible tax practices. The ability to benchmark against standards and peers provides valuable insights and improves decision-making. As businesses take steps to decarbonize their business and supply chains, they must consider where rapidly changing tax regulations and tariff considerations may impact strategic decisions, as costs could increase while important opportunities to access tax incentives or other funding opportunities may arise.
