Globant SA (GLOB) has disclosed a new risk, in the Environmental / Social category.
Globant SA faces significant risks related to environmental, social, and governance (ESG) compliance, which could adversely affect its reputation and business operations. With increasing global scrutiny on ESG matters, the company is challenged by diverse regulatory landscapes and stakeholder expectations. The complexity and potential costs of adhering to varying ESG regulations across different jurisdictions, compounded by anti-ESG sentiments and legal actions, pose substantial risks to Globant’s operations and financial health. Additionally, failure to meet its voluntary ESG commitments or manage stakeholder expectations could further erode trust and limit business opportunities.
Overall, Wall Street has a Moderate Buy consensus rating on GLOB stock based on 10 Buys and 5 Holds.
To learn more about Globant SA’s risk factors, click here.