Nearly three in four companies have appointed at least one employee to oversee ESG reporting and initiatives, a six-point increase over the previous year, while 71% of ESG practitioners say their companies get ESG data from three or more internal teams, according to a survey by Workiva.
The company’s survey included responses from more than 900 professionals with knowledge of ESG reporting in their organizations and follows Workiva’s 2022 survey, which focused on challenges and opportunities in ESG reporting.
While most respondents said ESG is increasing in significance within their organizations, the survey also found that executives and managers don’t necessarily see eye to eye. More than 60% of C-suite members said their companies apply the same level of due diligence to ESG reporting as they do to financial reporting, while only 32% of managers and senior managers shared that sentiment.
Still, 90% of respondents said they believe having a strong ESG program will give their organizations a competitive advantage over the next couple of years. This is notable, as political opposition to corporate ESG initiatives has expanded across the U.S.