Only 1 in 4 Companies Very Confident in Meeting ESG Reporting Requirements
KPMG Survey
Companies increasingly expect their ESG strategies to contribute to positively to business and financial outcomes, in areas ranging from M&A and new product opportunities to talent and customer retention, although many executives are concerned about keeping up with complex and changing sustainability regulatory requirements, with only around a quarter reporting confidence in meeting ESG reporting requirements across several jurisdictions, according to a new survey released by professional services firm KPMG.
The business leaders identified M&A efficacy as the top area in which ESG is adding value to their businesses, with 41% reporting that ESG engagement adds major financial value, with other top areas including access to new capital sources at 35% and customer retention at 34%.