Companies Plan to Maintain Climate Disclosures Despite Political Shifts

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75% of companies not required to comply with new EU directive plan to align reporting anyway

More than eight in 10 global business leaders (85%) plan to continue climate disclosures regardless of 2024 election outcomes or political changes in their countries, according to new Workiva research that also found three-quarters of companies not required to comply with the new EU Corporate Sustainability Reporting Directive still plan to align their reporting with it.

The ESG reporting provider’s survey of 1,600 global executives reveals that 97% believe integrated financial and ESG data helps identify performance gaps that enhance financial growth. Leaders remain committed to transparency, with 83% planning to disclose climate-related risks and 82% intending to disclose material impacts of those risks.

Regulatory expectations vary by region but show an upward trend, with 60% of UK executives anticipating new or expanded regulations in the next year, compared to 78% in Brazil and 80% in Singapore.

Other key findings:

  • Inflation and interest rates (38%) top the list of factors expected to impact business reporting over…

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