Companies are still struggling to report meaningfully on societal risks as part of their efforts to meet demands for better environmental, social, and governance (ESG) disclosures.

Speaking at Compliance Week’s Europe conference in London, Geert Vermeulen, chief executive officer at independent firm The Integrity Coordinator, told attendees his clients often complain the hardest part of ESG reporting for them to address is the social aspect and how they can get assurance on issues such as child labor and slavery.

Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal...