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RSM: EXECS ESG AWARENESS GROWS Featured

An increasing number of middle-market executives are familiar with environmental, social and governance) issues and have adopted formal ESG plans. This was the finding of the recently released RSM US Middle Market Business Index ESG Special Report.

RSM US found in the third quarter 69 percent of middle market execute es responding to the survey were very or somewhat familiar with using ESG Criteria to evaluate performance. That is a 30-percentage-point increase from 39 percent the fourth quarter of 2019. They are also taking action as 66 percent of those who are aware of those issues have formal plans regarding commitments. The leading cause included in formal plans are environmental issues with 32 percent indicated these were in the plan. The larger the company the more likely it is to have an ESG plan. Forty-eight percent of respondents said their organizations are working to reduce net carbon emissions to zero or have already done so. The figure was 68 percent of companies with $50 million to $1 billion in annual revenue and 23 percent for smaller companies. Twenty percent said climate change presents significant opportunities over the next three years, 28 percent said it presents significant challenges and 27 percent said it offers both.

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