13/12/2022
According to a new survey released by Deloitte, executives are rapidly increasing sustainability reporting efforts, with nearly all actively investing in ESG data and reporting technology to meet rising stakeholder demand and approaching regulatory requirements.
The report indicated a recent increase in momentum on implementing sustainability strategies and ramping up ESG reporting initiatives. To address ESG data and reporting needs, 99% are likely to invest in more disclosure-focused technology and tools in the next 12 months.
The study indicated that executives anticipate benefits from enhanced ESG reporting beyond just meeting regulatory requirements. More than half of respondents expect tangible benefits, including increased employee retention (52%) and improved ROI (52%), alongside intangible benefits, such as more vital stakeholder trust (51%). Other key benefits included high brand reputation (49%) and risk reduction (48%).
Commenting on the survey results, Jon Raphael, National Managing Partner, Sustainability at Deloitte, said:
“Sustainability, integrated with business strategy, is about unlocking value for a company and its stakeholders, as well as creating a sustainable future, where people and the planet prosper together.”
Access the survey results here, https://lnkd.in/et7ssvPk
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