Only 22% of CFOs are ready for climate reporting and assurance requirements, Accenture survey finds

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.