In partnership with Compliance Week, ESG Clarity: Benchmark Your Initiative surveyed more than 200 senior compliance, audit, legal and finance executives worldwide to understand how corporates are responding to ESG demands.
With COP26 drawn to a close and an increasing demand for values-driven practices and operations, it is clear that establishing a robust ESG strategy is vital for business success. But more than that, ESG considerations present a huge opportunity for long-term value creation.
Key findings include:
- Despite over half of respondents claiming their ESG strategy development was either fully implemented or currently being implemented, 31% said they’d received less than an hour of ESG training in the past 12 months.
- Respondents said whilst their organisations were largely successful in incorporating ESG considerations into their business plans, they were less successful in understanding ESG-related risks and applying them to their initiatives.
- The biggest obstacle facing executives is a lack of data and established metrics for measurement.
- Other significant obstacles were the practicalities of operationalising ESG practices across the entire organisation, and a lack of tangible directives.
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