2022 End of Year Letter from Lynx CEO Trevor Jones

At Lynx we keep track of ESG trends so we can share forthcoming requirements with our clients. We release features on the Lynx platform to address these developments and to help our clients monitor and adapt to ESG-related risks on the ground.

2022 saw an evolution from a curiosity about ESG by firms, to a debate between competing worldviews. Like any dominant conversation of the day, ESG detractors added legitimacy to the frame of the argument, oftentimes by articulating well-founded concerns. Predictions are that an overwhelming number of companies will adopt ESG reporting technology in the coming years.

2023 will be a year of enhanced clarity and communication in the ESG space. New European developments will unify national laws with business expectations and strategic planning. These laws will be interoperable with existing reporting standards. These conditions are a result of the Corporate Sustainability Reporting Directive (CSRD), enacted by EU parliament.

For more information about the CSRD, here’s an excellent article by Ashley Smith-Roberts, an attorney and sustainable development professional at Levin Sources, focusing on issues of mining, minerals, and global supply chains.

We also see nations now beginning to cooperate on critical supply chains. The Sustainable Critical Minerals Alliance, made up of United States, Canada, Australia, France, Germany, Japan and the United Kingdom will focus on lithium, cobalt, nickel and other critical battery minerals by sourcing them from friendly markets in a sustainable way.

At Lynx we work to harmonize international standards to the extent they are interoperable. Users have a single point of entry for data that encompasses the entire data life cycle, saving them time and money. Monitoring international ESG compliance-adjusted data helps users get ahead of ESG related business risks on the ground, in addition to quickly reporting to relevant bodies.

The business and international normative case for ESG will further develop in 2023, and executives, compliance officers and risk departments can all look forward to more clarity. ESG will also increasingly overlap with health and safety, in addition to risk management practices.

We look forward to continuing to support our clients in their pursuit of sustainability goals through easy-to-organize ESG data that helps users manage risk and operate more efficiently.

Happy Holidays to all of our global clients and partners,

Trevor