NEW YORK–(BUSINESS WIRE)–According to the 2023 Global ESG Practitioner Survey, commissioned by Workiva Inc. (NYSE: WK), 71% of ESG practitioners surveyed say three or more internal teams contribute to ESG reporting within their organizations. Further, 74% say their companies have appointed at least one employee to oversee ESG reporting and initiatives, up 6% over the previous year, and the same percentage expect their organizations will be required to comply with two or more global regulations. Together, these results illustrate the increasing significance of ESG in corporate reporting and underscore the complexity of ensuring accurate and assured data in ESG reports.
The 2023 Global ESG Practitioner Survey polled more than 900 professionals with knowledge of ESG reporting at their respective organizations. The survey was developed with Alex Edmans, Professor of Finance at London Business School, and builds upon Workiva’s 2022 Global ESG Practitioner Survey, which explored challenges and opportunities in ESG reporting.
“It’s no secret ESG is receiving heightened attention in boardrooms or that increasingly complex frameworks, standards and regulations are presenting new challenges in ESG reporting,” said Edmans. “What struck me from the survey results is the dichotomy between practitioners of all levels agreeing they find value in ESG reporting while managers in the trenches are saying their companies are not applying the same diligence to ESG reporting as they do to financial reporting.”