A complex, evolving ESG reporting landscape
ESG reporting is becoming increasingly important to companies,
not just to comply with regulations, but to respond to the demands
of stakeholders. The EU's new Corporate Sustainability
Reporting Directive (CSRD) affects approx. 60,000 EU and non-EU
companies who will have to meet the European Sustainability
Reporting Standards (ESRS) for financial year 2024. On a global
level, the inaugural IFRS Sustainability Disclosure Standards
(ISSB) will require companies to communicate the sustainability
risks and opportunities they face over the short, medium, and long
term.
Given the changing state of ESG reporting, it's little
surprise that companies differ greatly in how they organize ESG
reporting responsibilities for gathering, processing and disclosing
their ESG performance data. Depending upon the company, the
organization of ESG reporting may vary in terms of organizational
structure, company statement, and the
