Why does your company need
ESG reporting?
WHAT REGULATIONS EXIST FOR ESG REPORTING
Global regulations are evolving quickly. While some of the new or proposed rules and regulations have a singular focus on climate change issues, others address sustainability more broadly.
- The Securities and Exchange Commission (SEC): The US agency is set to finalize new rules for climate disclosures that, as proposed, focus on the oversight of climate-related risks, the financial impacts of severe weather events and greenhouse gas emissions.
- The European Financial Reporting Advisory Group (EFRAG): Its member organizations developed new, expansive ESG reporting requirements under the Corporate Sustainability Reporting Directive (CSRD). These will impact EU-listed companies as well as non-EU-listed companies with large subsidiaries in the region.
- The Financial Conduct Authority (FCA): The UK financial markets regulator, requires UK-listed companies to disclose whether their climate-related disclosures are aligned with the Task Force on Climate-Related Financial Disclosures (TCFD) framework, or explain why not.
- The International Sustainability Standards Board (ISSB): The board has developed two sustainability standards expected to be finalized later this year. One focuses specifically on climate-related issues while the second covers general sustainability-related disclosures. Additional standards are expected.
READY TO TAKE THE NEXT STEP ON YOUR ESG REPORTING JOURNEY?
Compelling ESG reporting requires collaboration and insight from across the organization to work toward common goals as a team. Our passionate, multi-disciplinary teams provide insights across industries and are here to help your company:
- Quickly get started on your ESG strategy, including areas such as climate risk and diversity, equity and inclusion, that can enhance your growth and reputation.
- Understand and leverage the various ESG standards and frameworks to develop a compelling story for your investors, board and other stakeholders that inspires them to come along for the ride.
- Comply with evolving global regulators, including proposed or potential SEC disclosures rules related to climate, human capital and cybersecurity.
- Develop investor-grade ESG metrics that your shareholders can trust.
- Tech-enable your ESG reporting to make the data useful to your business throughout the year.
- Inform your stakeholders about key ESG topics, including the board of directors — who will expect management to be ahead of the curve.