The Voice of ESG

The world is in transition towards a sustainable economy that is climate neutral, where raw materials are reused and diversity is a priority. Companies will have to take Environmental, Social and Governance (ESG) aspects into account in running their business. At RSM we believe that ESG is a defining factor to remain successful in future. By considering ESG, companies determine the role they play in society and the value they add for their stakeholders.

On a monthly basis, we will select a number of ESG-topics that are relevant to internationally active companies. These topics are explored through different perspectives, ranging from Risk & Control, Supply Chain Management, to HR and International Taxation. As part of the service that you may expect from us, we feel that it is important not only to share current ESG-developments but we aim also to offer our views on the potential impact now and going forward.

November 2022

Why behavior can be an inhibiting factor in sustainable transitions and what to do about it

The COP27 highlights the increasing necessity to transition to a sustainable economic system. Businesses will also have to play their part, and many are developing strategies for this. Yet, these rarely get implemented the way they were intended because employee behavior is often not considered. This article explores how biases and resistance to change can impact the implementation of an ESG strategy and outlines some conditions for success.

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Reverse logistics; necessary evil or valuable opportunity?

Due to various trends varying from e-commerce and the rising importance of sustainability, the role of reverse logistics, moving goods from customers back to sellers or manufacturers, will increase tremendously in the upcoming years. In this article, we take a deep dive into the importance and organizational consequences of reverse logistics.

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How sustainable relationships are created using NFTs

In a new world of online content creation, you can sell digital products, offer services, or even create and sell your own physical products. Have you ever heard of digital royalties or carbon credits? In this article we explore how NFTs can be of added value for a sustainable business-client relationships and how NFTs can create a better future for the environment.

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New tax reporting rules require multinationals to reconsider their privacy governance

Due to the new tax reporting rules affecting digital platform operators, securing personal data of customers is a key aspect to ensure compliance. The new reporting rules will require that privacy and security is addressed at governance level. In this article we highlight the implications of the new tax reporting rules and our recommendations to ensure that privacy aspects are included in the approach to ensure compliance with the new rules.

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September 2022

Budget Day in the Netherlands

Budget Day in the Netherlands. A memorable day for the Dutch and a glimpse into the future for Europe. The Festival of Democracy, or, as the Dutch call it, “Prinsjesdag”, was upon us again last week. On Tuesday September 20, the traditional Glass Carriage rode through The Hague, after which King Willem-Alexander read his speech from the throne.

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Triple E: Ethereum, ESG and exceptional.

In the short term, without getting too technical, a major change is planned on Ethereum. The Merge represents the joining of the existing execution layer of Ethereum (the Mainnet) with its new proof-of-stake consensus layer, the Beacon Chain. It eliminates the need for energy-intensive mining and instead secures the network using staked ETH.

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July 2022

Global electric car market breaks records in 2022, but can it last?

Electric vehicles sales are expected to soar due to governmental policy to reduce emissions and stimulate electrification. However, due to enormous demand, complex supply chains and a finite amount of resources globally, concerns about shortages of key resources and components are growing. This article illustrates the forces at play in the EV market and describes how supply and demand are expected to develop..

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ESG-performance results in better financial result, but ESG-funds underperform; the necessity for improved transparency.

Sustainable finance has been gaining traction and research highlights that increased ESG-performance leads to improved financial returns in the long term. But how does ESG-performance lead to increased financial returns? And does investing in ESG-funds also translate into better financial returns and increased positive environmental and social impact? These questions are explored in this article.

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How ESG can make your online business model future proof

The business model of e-commerce seems a more sustainable business model compared to the concept of physical stores. But e-commerce has a hidden impact that lies in the return goods flow. Due to societal developments and regulation, the impact of the return goods flow is becoming a burden to companies. Companies need to act to stay future proof.

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Leveraging digital governance for ESG-compliance

Internationally, stakeholders are increasingly demanding more transparency and actions towards Environmental, Social and Governance (ESG) monitoring and reporting. ESG-reporting has also gained traction recently as it has become one of the key metrics for company's success and for the outside investors who are increasingly mapping out companies in terms of their ESG-initiatives and effective reporting.

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June 2022

Does a more sustainable future really begin with you? 

Part of the problem with envisioning a sustainable future is that the future is so difficult to predict. As an individual it’s even more difficult to comprehend what role you can play in creating a more sustainable future and if your actions make an impact in the grand scheme of things. This is why so often people fall back on the safety net of believing that it is up to the big corporations, politicians and policy makers to lead the transition towards a sustainable and equitable economy. Here is my argument to stop underestimating the influence you have and start taking action.

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How your corporate culture can impact your reputation and business

Corporate culture is a strong predictor of company success. This is shown by a number of cases in which the culture turned out to be detrimental to the business. What can happen and what you could do to prevent this is described in this article.

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Tunnel vision on Green House Gas emissions isn’t sufficient to deliver on climate goals

The importance of ESG has been increasing for many years, with the aim of keeping a prosperous and safe planet where no one gets left behind. However, the main focus has been on reducing CO2 emissions and energy usage. This singular focus has its shortcomings and in this article, the importance of focusing on resource usage and the circular economy to achieve the objectives of the Paris Agreement are outlined.

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Here is the T(ax) in ESG

There is a significant need for corporate tax strategy to have a far more prominent role in ESG policies and a consideration of how this can happen.

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