Good-Enough sustainability data won’t cut it anymore
Producing reliable and consistent sustainability information requires an enterprise-wide approach.
How an Enterprise Risk Management (ERM) approach can help with your sustainability reporting
Corporate America faces growing pressure to anticipate and measure sustainability risks and opportunities.
New and pending regulations from the US Securities and Exchange Commission (SEC) and the European Securities and Markets Authorities (ESMA) may impose penalties on companies that fail to disclose this data and have it assured by a third party.
Unfortunately, many companies aren’t ready for this shift. In a 2022 study of 300 US companies commissioned by KPMG, fewer than 15% of respondents said their sustainability reporting had attained maturity in compliance, data controls, risk analysis and oversight.
The crux of the issue is a lack of integration of sustainability teams and the rest of the business. The goal is not simply a compliance exercise—to tick the boxes—but also to add or enhance value. That requires the sustainability function to be integrated into strategy. And implementing strategy requires the entire enterprise.
Maura Hodge
Sustainability Reporting Leader, KPMG LLP
Explore more
Popular category topics
Contributors
