Celebrating 100 years, and one of Norway’s largest full-service law firms, Wikborg Rein boasts of a team with comprehensive expertise on sustainability-related matters. On that team is Partner Elise Johansen, who invited participants to take a step back and consider the intention behind sustainability reporting.
In essence, sustainable development still encompasses the decades-old recognition of connectivity between social, economic, and environmental issues. As a response, a set of policy initiatives has been systemized into The European Green Deal to ensure sustainable development with defined goals such as no net emissions of greenhouse gases by 2050. Through reporting obligations, the objective is that private investments will be steered towards sustainable activity, thus making ESG risk an actual financial risk.