Final insights
With a rising focus on sustainability reporting in the U.S., companies face an increasingly complex web of regulations and stakeholder disclosure expectations.
Financial-grade reporting has become essential, driven by heightened scrutiny from regulators, investors, C-level executives, and customers.
In light of the survey findings, the following recommendations are proposed for enhancing sustainability reporting and compliance:
- Prioritize financial-grade reporting: Given the scrutiny from various stakeholders, ensuring the data you collect and report on meets the same rigorous standards as your financial reporting is critical for both maintaining trust and meeting compliance.
- Think beyond California regulations: While the new California regulations set a new precedent for sustainability reporting in the U.S., companies should not limit their focus to these requirements alone. Global trends indicate a growing number of voluntary and regulatory reporting obligations. Ensure your governance structures and resources are equipped to meet new and competing accounting and reporting obligations efficiently, so you can focus on initiatives that strengthen your impact.
- Ensure transparency and auditability in public disclosures: Public disclosures can carry the risk of greenwashing allegations. To mitigate this risk, data must be transparent and auditable. Rely on professionals who can help you substantiate your claims and avoid unintentional pitfalls to maintain credibility and trust with your stakeholders.
