Reporting on environmental, social, and governance (ESG) data has become increasingly important over the past few years and is poised to continue to increase in importance moving forward. As an area of increasing importance, it is no surprise that the Securities and Exchange Commission (SEC) has increased their regulatory focus on reported ESG information.
Although the SEC’s proposal has not been released at the time of this publication in its final form, an important alignment is already occurring among ESG, digital transformation, and the finance function. Finance professionals are poised to incorporate their expertise and experience with processes and controls, combined with new tools and technologies, to contribute to developing infrastructure that will power organizational ESG reporting efforts.
To highlight this important confluence and help bridge the knowledge gap, the Financial Education & Research Foundation (FERF) partnered with Persefoni to study how finance functions are evolving in response to the SEC’s climate proposal.