SVG Launches Blog To Help Sports-Production Industry Prepare for Sustainability Reporting
Globally, companies are increasingly expected to assess their operations
Story Highlights
As global regulations move towards mandatory reporting on sustainability, businesses must proactively assess their operations to navigate this future landscape. Beyond mere compliance, embracing sustainability metrics can reshape organizations, fostering increased efficiencies, reduced waste, heightened transparency, and, ultimately, a competitive advantage.
To help the sports-production industry prepare for this future, SVG is launching a series dedicated to sustainability issues relating to sports media.
Three key drivers underscore the necessity of such a blog: regulations, investors, and the expectations of the next generation of workers and consumers. Globally, mandatory reporting regulations are on the rise. In the EU, enterprises of a certain size must capture sustainability metrics for reporting alongside financial filings by 2025. California has followed suit, and the U.S. SEC is actively considering changes to its rules, aligning with a global shift toward sustainability reporting in countries like Australia, Singapore, and Brazil.
A timeline for sustainability reporting
Source: PwC: ESG Regulations and Your Company
Enterprises with a forward-looking approach have already embarked on sustainability journeys to attract investors. With billions of dollars at stake, companies investing in substantive ESG (environmental, social, governance) efforts can have significant gains. Moreover, surveys highlight the importance of ESG initiatives in attracting and retaining the next generation of workers. Gen Z and Millennials, according to a Society for Human Resource Management (SHRM) survey, prioritize ESG considerations in both their consumer choices and their workplace decisions, emphasizing social issues alongside environmental concerns.
Sustainability is destined to become even more critical globally, and collaborative preparation is essential. A significant consumer of energy, the media sector must actively contribute to lasting change, to leave a legacy that sets up the next generations for success.
I invite you to join the conversation. Share your thoughts and ideas with me at [email protected] to explore the evolving landscape of sustainability in sports media and make a lasting impact on the industry and the world.
