Regulatory requirements set the minimum level for sustainability actions in companies. Policies, standards and ESG-frameworks do guide company reporting, but at the same time customers, partners and investors require more concrete and measured sustainability means.
Leading companies are driving the sustainable transformation in their industries with ambition. If this industry push truly drives your own sustainability efforts with good enough speed, it's all positive. However, just following others or regulation might not bring added value nor competitive advantage.
When evaluating sustainability efforts and opportunities beyond compliance, the first things to understand are the impact, business case or ROI. Are there measurable business reasons why you should invest in sustainability and ESG-data quality more than required?