The environmental, social, and governance (ESG) landscape is rapidly evolving, driven by increasing demands from investors, regulators and other stakeholders. The need for high-quality disclosures and better-managed ESG activities through better use of data and key performance indicators (KPIs) is expected to be critical for companies’ future.
In a joint effort by EY and the Financial Education and Research Foundation, the survey data coupled with insights obtained from interviews with finance executives point to an alignment among three key areas necessary to achieve world-class ESG reporting:
- Governance
- Processes and controls
- Data and technology