Multiple factors are driving the need for credible ESG reporting - increasing pressure from investors, boards, regulators and consumers all wanting reliable high quality ESG information. As things stand the quality and reporting of non-financial information is currently a long way behind financial reporting. However scrutiny over this reporting is increasing exponentially and it is expected that non-financial reporting will soon be as important as financial reporting. From a regulatory perspective, regulation is evolving globally to require more transparency, with key regulations including the Securities and Exchange Commission (SEC)’s climate disclosure proposal, Corporate Sustainability Reporting Directive (CSRD), and International Sustainability Standards Board (ISSB).
Establishing KPIs, setting targets and reporting credibly on progress will help businesses to build trust with stakeholders and prepare for increasing ESG reporting requirements and expectations.
Source - PwC’s Global Investor Survey 2022
Verification of sustainability information is rapidly becoming a focus for auditors. And one of the major incoming regulations, CSRD, with be the first regulatory standard to mandate assurance over the sustainability reporting required from in-scope entities.
The direction of travel towards integrated reporting of financial and sustainability information is clear, and hence the need for an auditor who can provide holistic assurance on both streams of information.
How can we help with independent ESG assurance?
Our independent ESG assurance services will help you improve quality and build trust in your sustainability strategy and reporting. We have deep industry knowledge, technical experience and a passionate commitment to client service. Please get in touch if you would like to find out more.
