More than half (58%) of leaders who felt less ready say it is challenging to balance ESG assurance goals with the profit expectations of shareholders.
Three-quarters of companies globally are not ready to have their environmental, social and governance (ESG) policies, skills and systems independently evaluated, according to a KPMG report released Sept 26. This is despite new sustainability reporting standards, like that of the International Sustainability Standards Board (ISSB), coming into force soon.
KPMG’s “Road to trust: KPMG ESG Assurance Maturity Index 2023” report captures the views of senior executives and board members at 750 companies across industries, global regions and revenue sizes, measuring the progress companies have made in key areas to gauge their relative maturity for being “ESG assurance ready”.
