ESG reporting: a route through a maze
Anuj Saush discusses how companies can manage their ESG reporting workload in a more productive way.
There has been dramatic growth in ESG (Environmental, Sustainability and Governance) investing during the past 20 years – but along with this positive trend comes an equally dramatic rise in ESG reporting requirements, and a proliferation of rating agencies and assessment tools.
How are companies coping with this development? The Conference Board surveyed 61 sustainability executives to find out. The bottom line: while ESG reporting can be onerous, it’s possible to manage and improve the process – and there are multiple benefits to be gained from it.
Key issues in ESG reporting
Some of the negative aspects of ESG reporting include:Providing ESG information is a heavy lift. Companies take 18 workdays, on average, to respond to each ESG information request, and typically respond to more than one such request each year. Among ...