The Survey of Sustainability Reporting 2022’s title “Big shifts, small steps” acknowledges the many ways in which the world has changed over the past two years. Know more:
THE Survey of Sustainability Reporting 2022’s title “Big shifts, small steps” acknowledges the many ways in which the world has changed over the past two years.
Over the past three decades, our surveys have shown that sustainability reporting has become an accepted part of disclosure and transparency for many large companies, with a continued uptake of sustainability reporting globally and increasing integration into mainstream financial reporting. With this increased transparency comes greater accountability for action around reducing carbon emissions, halting biodiversity loss and tackling societal inequality.
• There is increased reporting on climate-related risks and carbon reduction targets: Nearly three-quarters of companies report their carbon targets, while the number of companies reporting against TCFD has nearly doubled. This is in line with findings from the TCFD’s 2022 Status Report that states more than 3,900 companies, spanning 101 countries, covering nearly all sectors of the economy, with a combined market capitalization of $26 trillion, have pledged their support for the TCFD.
• Climate risk reporting leads, followed by social and governance risks: Since 2017, there has been a marked improvement in the number of companies that acknowledge climate change as a risk to their business. However, less than half of companies report on social and governance risks. • Determine strategic imperatives against key ESG topics and define key metrics, considering impending regulations.