New environmental, social and corporate governance (ESG) reporting and climate disclosures will be required of Canadian employers starting this year, but the majority of them are not prepared, according to a report.

About three-quarters (74 per cent) of employers admit it’s a challenge to put these mandates into action, and 53 per cent are unprepared to manage ESG regulatory changes, reports Enterprise Ireland.

This is the case even though 84 per cent of Canadian business leaders agree that ESG principles are an important part of their corporate policy.

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