EY estimates that there are over 600 ESG reporting standards worldwide. This makes it incredibly difficult for companies and investors to deduce the most significant frameworks to focus their ESG disclosure efforts on.
However, convergence is beginning to happen - from regulation to voluntary commitments, measuring performance is becoming easier as the reporting landscape matures. Consolidation of frameworks and international support for the ISSB’s IFRS S1 and S2 standards is making ESG reporting easier.
Nevertheless, navigating the disparate frameworks can be confusing at best, and daunting at worst. Therefore, we have compiled a list of the most significant frameworks, explaining what they are and, in the case of ESG regulation, who must comply.
For more information, contact one of our ESG experts - we are always happy to help.
Although it may not seem so, identifying which frameworks to focus on is the easy part. Because we are still in the early days of ESG, processes can be slow and calculating the metrics under various frameworks is cumbersome. Our ESG software solution can help automate your processes and streamline reporting, allowing you to focus your efforts on ESG management, not just compliance. Why not request a personalised demo?
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