New report addresses the need for companies to address ESG risks and liabilities, which have become even more important for business sustainability This year has seen a profound shift towards a new reality characterized by increased unpredictability. The global landscape has been shaped by a series of influential events, including the ongoing challenges posed by the waning pandemic, Russia’s war in Ukraine, the recently ignited Israeli-Palestinian conflict, ever-evolving economic sanctions and regulations, and extreme weather events. . These developments have had societal implications across a range of areas, including supply chains, trade, labor, security, and more. Addressing environmental, social, and governance (ESG) risks is increasingly important for businesses to build resilience and ensure long-term sustainability. To better understand how businesses are exploring ESG initiatives, the Thomson Reuters Institute has published 2023 State of Corporate ESG , a report based on qualitative interviews and surveys conducted with C-Suite and functional leaders across roles, industries, and geographies. (Serena Dibra)