Only around one in five of finance executives at large companies believe that they are well prepared to meet upcoming requirements to report and seek external assurance on climate-related risks and opportunities, even as the vast majority anticipate sustainability reporting requirements to increase over the next few years, according to a new survey released by global professional services firm Accenture.
The survey indicated that the finance executives are feeling the pressure of the evolving regulatory landscape, with nearly 85% of respondents reporting that they expect an increase in mandatory disclosure over the next three years, and 90% agreeing that ESG issues will be a major focus for them over the next 5 years.