Faced with climate issues, governments, and shareholders face challengesChallenges imposed by intangibleRisk environmental risksRisk that are difficult to measure regarding economic aspects. In this sense, corporate reports need to meet the demands imposed by the new way of connecting with the theme of sustainabilitySustainability aligned with socialSocial, environmental and governance (ESG) issues. The ESG theme was introduced in the publication Who Cares Wins (The Global Compact 2004) by the Global Compact in partnership with the World Bank. The publication brought recommendations from the financial sector to integrate better environmental, social and governanceEnvironmental, social and governance issues in analysis, asset managementManagement and securities brokerage, as there is evidence that highlights the influence and importance of ESG managementManagement in the company's business, especially concerning valueValue generation. In this sense, this chapter aims to present the topic debated in the ESG line reflected in a line of thoughts of the actors mentioned concerning the case studiesCase studies presented. Given the debates presented, the chapter presents the importance of strategically analyzing the topic of sustainabilitySustainability in the face of intangible risksRisk that affect the results of companies and governments that are difficult to measure.