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McKinsey survey: Investors say they can’t readily use companies’ sustainability disclosures to inform investment decisions and advice.
Sustainability reporting needs to be standardised, but executives and investors support reducing the number of standards for sustainability reporting.
The current practice of sustainability reporting developed in the 1990s as civil-society groups, governments, and other constituencies called on companies to account for their impact on nature.
Since the financial crisis, additional frameworks and standards have emerged to help companies and their investors develop a greater understanding of the risks and benefits of ESG and nonfinancial factors.