Environmental, social, and governance (ESG) practitioners say the biggest reporting challenge their companies face is trying to measure the impact of qualitative initiatives such as diversity, equity, and inclusion (DEI) programs, according to recent research from Workiva and Ascend2.

The report was based on data from a survey conducted in July 2023 among 926 ESG practitioners.

Respondents say their biggest ESG reporting challenges are measuring qualitative initiatives (40% cite as a challenge), complying with ESG frameworks and standards (39%), and compiling data from multiple sources (39%).

Biggest challenges in ESG reporting

ESG practitioners say if their organization enhanced its ESG disclosures, the top benefit would be increased transparency (71% cite as a benefit).

Opportunities created as a result of enhancing ESG disclosures

ESG practitioners say technology could be important to addressing a number of key ESG reporting challenges, including compiling data from multiple sources, complying with new regulations, and mapping disclosures to regulations.

Technology areas thought to be important to ESG according to practitioners

Respondents say the biggest business benefit their organization has received from its ESG efforts is improved brand awareness and/or reputation.

Business value generated by ESG

About the research: The report was based on data from a survey conducted in July 2023 among 926 ESG (environment, social, and governance) practitioners.

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The Top Challenges Companies Face in ESG Reporting

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image of Ayaz Nanji

Ayaz Nanji is a writer, editor, and a content strategist. He is a co-founder of ICW Media and a research writer for MarketingProfs. He has worked for Google/YouTube, the Travel Channel, and the New York Times.

LinkedIn: Ayaz Nanji

Twitter: @ayaznanji