This webinar explores key trends in ESG and sustainability with a focus on the Australian landscape. The discussion emphasizes that sustainability is becoming a distinct and increasingly important business function, requiring dedicated resources and capabilities. The panelists note a shift towards more practical approaches and credible disclosures, moving away from the "decoration" of past years.

A significant focus is placed on the concept of materiality, including both financial and impact perspectives, with the European Union's mandate for double materiality as a key driver. The webinar highlights the increasing importance of mandatory disclosures, driven by global regulatory actions. The panelists note that these mandatory disclosures will have a wide impact, extending beyond the companies directly targeted to include those in their supply chains. The discussion explores the challenges of greenwashing and greenhushing, with an emphasis on the need for transparency and genuine efforts.

The speakers also address the growing societal pressure on companies to act responsibly, including the influence of Gen Z and organized investor groups. The webinar emphasizes the importance of creating sustainable sustainability, where sustainability practices are embedded within the organization and integrated into business strategies rather than being treated as a compliance exercise. The presenters advocate for a rigorous approach to materiality assessments, encouraging businesses to understand their purpose and value creation beyond financial metrics.

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