New Ways to Combat Rising Complexity and Costs: Global ESG, Compliance, and Risk Report 2024

Boston Consulting Group (Nov 12, 2024) "New Ways to Combat Rising Complexity and Costs: Global ESG, Compliance, and Risk Report 2024" draws on BCG's 2024 global survey of 200 senior risk and compliance executives across industries. Emissions reporting surged to the top of risk priorities in 2024, with new rules such as the EU's Corporate Sustainability Reporting Directive adding compliance burden; adverse media coverage, particularly driven by social media, ranks second, yet many companies lack frameworks for monitoring and rapid response. BCG prescribes four sets of actions: adjust governance and risk-management approaches, simplify risk management, and enhance risk and compliance frameworks. Useful for SEA mid-market boards reviewing GRC operating costs in 2025.