There is only one direction of travel when it comes to Environmental, Social and Governance (ESG) matters in the UK. The existing Directors’ duties and governance and strategic reporting requirements, along with emerging recommendations for a business resilience statement from the Brydon review, and investor and stakeholder pressure, is putting ever-increasing emphasis on the importance of high-quality and comprehensive non-financial reporting. As the ‘alphabet-soup’ of ESG reporting regulations, frameworks and standards continues to evolve, expand and begin to align, these pressures are likely to be at the forefront of business and board’s minds.

Understanding global trends in reporting is an important tool in understanding what is expected from UK reporters. The survey provides a detailed look at global trends in sustainability reporting and offers insights for business leaders, company boards and sustainability professionals. Its aim is to support those who have a responsibility for assessing and preparing their own organisation’s sustainability reporting.

The survey also serves as a guide to investors, asset managers and ratings agencies who now factor sustainability or Environmental, Social and Governance (ESG) information into their assessment of corporate performance and risk.

It is based on several months of research by sustainability professionals at KPMG firms who analysed thousands of corporate reports and websites.

In 2020, the survey focused on four key aspects of sustainability reporting:

  • Key global trends in sustainability reporting
  • Reporting on the risks of biodiversity loss
  • Reporting on climate-related risk and carbon reduction
  • Reporting on the UN Sustainable Development Goals (SDGs)

Whilst we must look forward to the future of ESG reporting, a look back at the trends across different geographies and sectors can help reporters to understand what they can do to meet stakeholder reporting expectations.

You can read our full report "The time has come" here.

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