Donnelley Financial Solutions (DFIN) and Morning Consult assessed the current focuses and changes in corporate environmental, social, and governance (ESG).
A survey of 286 employees from public and private companies across five sectors (finance, human resources, communications, legal, and sustainability) was conducted in August 2023.
Key findings include:
1.) 61% of executives said ESG is considered an important topic within their industry.
2.) Internal leadership (51%) was the primary source asking for more reporting on ESG, followed by institutional investors (45%), corporate board/governance (43%), and retail investors (42%).
3.) 85% of public company ESG decision-makers had created a budget and chosen a data software platform to manage their ESG-related data.
— 74% of private companies had created a budget
— 72% had chosen a data software platform to manage their ESG-related data.
4.) 49% of respondents said risk management was the most challenging issue when transitioning to mandatory reporting, followed by data management (48%), governance (41%), audit and assurance (38%), and process automation (35%).
Read the original report here.
