Poll finds finance empowerment key to ESG reporting confidence
The Deloitte Center for Controllership released new data that indicates confidence levels in environmental, social, and governance (ESG) financial reporting are low.
More than 3,000 professionals participated in an online poll during a Deloitte webcast held in February on operationalizing ESG reporting readiness. Less than half the respondents (45.7 percent) stated they were confident in their financial reporting teams’ ability to gather and report on ESG financial metrics for regulatory compliance purposes.
Despite the low overall confidence, the Deloitte poll results showed organizations that have an ESG controller, or equivalent role focused on financial reporting and controls related to ESG, and a finance team with some level of ability to influence ESG matters with executive leadership throughout the organization, have significantly higher confidence levels in their ESG financial reporting capabilities than those who do not.