Companies are continuing to fail in their efforts to improve environmental, social, and governance (ESG) reporting, while compliance functions are finding it tough to keep up with demands for better assurance in the area, according to experts.
Speaking at Compliance Week Europe in Edinburgh, Scotland, in late October, panelists told attendees ESG reporting is still “immature” in many companies.
Peadar Duffy, global ESG practice lead at tech vendor Archer Integrated Risk Management, said “most companies make the mistake of treating ESG as one issue when it is actually three separate issues—environmental risk, societal risk, and corporate governance” and added that “they rarely have the resources or expertise to tackle them properly.”
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