Global Report: 2024 ESG Practitioner Survey

Rhea-AI Summary

The 2024 ESG Practitioner Survey reveals that a majority of companies are planning to comply with the EU's Corporate Sustainability Reporting Directive voluntarily. The report highlights increased involvement of internal teams in ESG reporting processes, importance of obtaining assurance over ESG data, and the growing investment in technology for collaboration among reporting teams.

Positive

• 81% of companies are planning to voluntarily comply with the EU's Corporate Sustainability Reporting Directive, indicating a proactive approach towards sustainability reporting.

• 88% of respondents believe that obtaining assurance over ESG data increases the likelihood of a company achieving its goals, emphasizing the value of reliable ESG reporting.

• 92% of companies are investing in technology to enhance collaboration among reporting teams, showcasing a commitment to improving efficiency and accuracy in ESG reporting processes.

Negative

• None.

NORTHAMPTON, MA / ACCESSWIRE / April 30, 2024 / Workiva

New Survey Finds Companies Planning to Voluntarily Comply With the CSRD

Released today, the 2024 ESG Practitioner Survey polled more than 2,000 people involved in corporate reporting, including sustainability, finance and accounting, and internal audit professionals across North America, Europe, and Asia. Highlights from the report include:

• 81% of companies not subject to the European Union's Corporate Sustainability Reporting Directive still intend to comply.
• 78% of practitioners say three or more internal teams are involved in their company's ESG reporting processes, up from 71% in 2023.
• 88% of respondents agree obtaining assurance over ESG data increases the likelihood that a company will achieve its goals.
• 92% of companies are investing in technology to improve collaboration among reporting teams.

Commissioned by Workiva, the ESG Practitioner Survey is an annual survey conducted by an independent research firm to assess practitioners' alignment on the challenges and opportunities facing corporate sustainability, including global regulation, integrated reporting, and generative AI.

Visit www.workiva.com/2024-ESG-survey to learn more.

View additional multimedia and more ESG storytelling from Workiva on 3blmedia.com.

Contact Info:
Spokesperson: Workiva
Website: https://www.3blmedia.com/profiles/workiva
Email: info@3blmedia.com

SOURCE: Workiva

View the original press release on accesswire.com

FAQ

What is the main finding of the 2024 ESG Practitioner Survey?

The main finding is that 81% of companies not subject to the EU's Corporate Sustainability Reporting Directive still intend to comply voluntarily.

How many internal teams are involved in ESG reporting processes according to the survey?

78% of practitioners state that three or more internal teams are involved in their company's ESG reporting processes.

What percentage of respondents agree on the importance of obtaining assurance over ESG data?

88% of respondents agree that obtaining assurance over ESG data increases the likelihood that a company will achieve its goals.

Who commissioned the ESG Practitioner Survey?

The ESG Practitioner Survey was commissioned by Workiva and conducted by an independent research firm.

Where can more information about the survey be found?

More information about the survey can be found at www.workiva.com/2024-ESG-survey.