Addressing the Strategy Execution Gap in Sustainability Reporting


As global businesses face increasing regulatory pressure to disclose information about environmental, social and governance impacts, risks and opportunities, organizations are set to spend more on ESG initiatives over the next three years. However, most organizations view ESG engagement not only as a compliance issue but also as a valuable tool for enhancing financial performance both now and in the future. Despite this realization, organizations are facing real challenges in delivering against this objective.

KPMG conducted a deep dive on where organizations are investing in the coming years with an eye towards maximizing financial value, while complying with disclosure requirements. Key findings include a focus on investing in ESG talent, prioritizing ESG data and analytics, managing supply chain sustainability, and completing an ESG risk assessment. Enhancing data management is seen as the top way to integrate ESG goals with overall business objectives, but organizations still face challenges integrating ESG strategy into their broader business structure due to resourcing constraints and internal silos between departments.


Source link