In fact, according to another analysis by my company into S&P's data, only 13% of the S&P 100 obtain assurance from public company auditors for their ESG information. Public companies can use this transition period to prepare for mandated requirements through the actions listed above. Establishing standards on climate and other ESG matters like human capital can bring consistent and comparable ESG information to investors and other capital market stakeholders clamoring for reliable information. It is time to establish baseline rules that bring accountability, objectivity and standardization to enhance trust in ESG reporting, with climate disclosures as the first step. Public company auditors have seen first-hand the value that a disciplined approach to reporting can have on the quality of information companies report.

Source: Forbes June 01, 2022 04:41 UTC