Investors noted a demand for ESG data they can trust, with 64% noting that they currently find it challenging to judge whether a company is doing the right thing and when asked if they found it difficult to trust what companies are disclosing in their ESG reports, only 10% of respondents disagreed.
In order to trust ESG reports, it found that data is key with one third of the respondents, 31%, stating that they trust an ESG performance more when reported through numbers and data rather than qualitative descriptions and assessments, this increased to 43% for 18-34 year olds.
It also found that investors want companies to make more of an effort with their ESG reports with 66% saying that companies should make it easier to judge their efforts towards society and environment.
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Tweet me: Demand for transparency around ESG reporting is rising but 50% find it difficult to trust companies when they promote what they are doing, according to a @Workiva survey. https://bit.ly/3fT4t4z
KEYWORDS: Workiva, ESG Reporting, NYSE:WK