Achieving ESG Data Trust: Internal Optimization For Assurance Readiness

Key Takeaways

Disclosure requirements and stakeholder pressure are driving investment in ESG reporting accelerating data integration, risk assessment and assurance

Organizations are prioritizing ESG and financial data integration

• 96% of organizations plan to integrate reporting solutions for financial and sustainability data
• 63% highlight the importance of ESG Reporting being housed in the same solution as financial reporting

Assessing ESG-related risks is a key priority as companies seek assurance for wider advantages beyond compliance

• More than 50% of organizations responded that identifying and assessing ESG-related risks is a high priority, but over 75% stated that today they were not ‘excellent’  in performing this task

While sustainability and finance teams agree on the challenges, finance teams are more confident in the company’s performance on ESG data collection

• Both Finance and sustainability teams say the top challenge is collecting and combining data across the organization
• 40% of finance teams say they are excellent at designing data collection systems compared to only 7% of ESG teams