Environmental, social, and governance (ESG) practitioners say the biggest reporting challenge their companies face is trying to measure the impact of qualitative initiatives such as diversity, equity, and inclusion (DEI) programs,according torecent research fromWorkivaandAscend2.
The reportwas based on data from a survey conducted in July 2023 among 926 ESG practitioners.
Respondents say their biggest ESG reporting challenges are measuring qualitative initiatives (40% cite as a challenge), complying with ESG frameworks and standards (39%), and compiling data from multiple sources (39%).
ESG practitioners say if their organization enhanced its ESG disclosures, the top benefit would be increased transparency (71% cite as a benefit).
ESG practitioners say technology could be important to addressing a number of key ESG reporting challenges, including compiling data from multiple sources, complying with new regulations, and mapping disclosures to regulations.
Respondents say the biggest business benefit their organization has received from its ESG efforts is improved brand awareness and/or reputation.
About the research:The reportwas based on data from a survey conducted in July 2023 among 926 ESG (environment, social, and governance) practitioners.
