Demand for sustainability reporting has increased significantly. With multiple reporting frameworks available, financial executives and accountants at all levels are challenged as they try to identify and include relevant environmental, social, and governance (ESG) information in their financial reports within reporting deadlines.

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Maria L. Murphy, CPA, is a regular contributor to Compliance Week. She is a senior content management analyst, accounting and auditing products, CCH tax and accounting North America for Wolters Kluwer....