The regulatory environment around ESG reporting has gained more attention over the years, with new reporting frameworks addressing sustainability reporting and ESG factors coming to the forefront. This is due to increasing demand from investors and other stakeholders for accountability on more than just financial performance, profit maximization, and the bottom line for shareholder benefit. Organizations are now expected to take environmental impact and social responsibility into account in their decision-making and corporate governance structure. The impact of business operations and investments on people and the planet are moving into the spotlight, and ESG reporting is the most effective way to demonstrate corporate responsibility and build stakeholder trust.
The Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD), Sustainable Development Goals (SDGs) by the United Nations, and the Corporate Sustainability Reporting Directive (CSRD) are a few examples of a reporting process and frameworks being created around the world to promote responsible investment and make ESG information more readily accessible. These frameworks also help organizations show their ESG performance by using metrics and reporting standards to establish ESG benchmarks.
For more information on the CSRD and how it can affect your organization, register for the CSRD Masterclass webinar series today.
According to a recent report, as of 2020, 93% of S&P 500 companies have already issued a non-financial report using one or more ESG frameworks or standards. However, with over 2,200 ESG reporting provisions that can affect how organizations disclose non-financial matters, the ESG reporting landscape can be complex and challenging to navigate. This guide will delve into the methodology of these frameworks, how they fit into the business model, and timelines for filings and reporting.
- Which standards, reporting frameworks, and ESG disclosures should your organization use?
- What are the most common reporting standards currently in use around the world?
- How can your organization get started with ESG reporting?
Download the guide, “ESG Reporting 101: Sustainability disclosure frameworks and reporting standards” to learn more.