It's the "wild west out there," according to the CEO, who believes that regulation is required to keep businesses on track in terms of sustainability.

According to the CEO of SDG Monitor, a group focused on assessing performance in that area, companies require more oversight and responsibility to ensure they are reaching sustainable targets. Tuuli-Anna Tiuttu, speaking at CNBC's Sustainable Future Forum on Friday, emphasized that CEOs and management have to be "accountable" for the sustainability goals they set. Their long-term goals needed to be broken down into "short-te....