As awareness of the importance of climate risks and other ESG metrics grows and as regulatory and market pressures increase, more companies are beginning to prioritize and improve their ESG data collection. This focus on improving data governance, process and controls over ESG data are needed as we begin to see the paradigm shift moving from voluntary and unstructured ESG data and sustainability reporting to mandatory and standardized sustainability disclosures. We are also moving towards the convergence of sustainability and financial disclosures and - eventually - integrated reporting.
As the regulatory landscape continues to evolve, companies will also need to continually enhance and refine their data management practices across all ESG dimensions. Read our 10 Key Takeaways for finance professionals: Meeting the Data Demands of Looming ESG Disclosure Rules.
