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ESG reporting is becoming more important for businesses. Some are thinking about using their financial reporting tools for this. But with ESG covering so many areas, can these tools really do the job? Let’s look into the challenges of this approach.
One of our work’s benefits is that we speak to a lot of sustainability and non-financial reporting professionals. It’s always a pleasure to exchange thoughts and be inspired by professionals that are passionate about such an important cause. All these conversations also give us a clear insight into common challenges. One of these challenges is more and more data collection and the sustainability data gap.
While many uncertainties remain, one thing is clear. The lives of people and the transactions of our economy and government will move more online. In 2015, 193 nations committed to the SDGs. Which set out a transformative agenda that linked human health and prosperity to environmental health and equity. This holistic agenda is critical. But the current crisis highlights that it is incomplete. The SDGs failed to address the governance of one of the most potent forces defining humanity’s future: the digital age.