Good-Enough sustainability data won鈥檛 cut it anymore
Producing reliable and consistent聽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鈥檛 ready for this shift. In a 2022 study of 300 US companies commissioned by 乐鱼（Leyu）体育官网, fewer than 15% of respondents said their聽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鈥攖o tick the boxes鈥攂ut also to add or enhance value. That requires the聽sustainability function to be integrated into strategy. And implementing strategy requires the entire enterprise.
Maura Hodge
Sustainability Reporting Leader, 乐鱼（Leyu）体育官网 LLP
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