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The Need for Harmonized ESG Reporting for Financial Entities

Publisher IDC
Published Jul 12, 2022
Length 7 Pages
SKU # IDC17301059

Description

The Need for Harmonized ESG Reporting for Financial Entities

The environmental, social, and governance (ESG) reporting landscape for financial entities is being rapidly reshaped. To meet investor needs, financial accounting standards boards are creating new frameworks to develop comprehensive sustainability disclosure standards. However, regulatory requirements are complex and potentially contradictory. There are also mandatory and non-mandatory disclosures. To make ESG reporting more meaningful, steps should be taken to make the data and metrics currently used in such reporting more consistent.“To make ESG reporting part of a clear regulatory framework, the synchronized development of various elements of the ESG disclosure landscape is crucial. This will mitigate the risk of conflicted or inconsistent information being disclosed.” — Associate Research Director George Briford, IDC Financial Services Insights

Please Note: Extended description available upon request.

Table of Contents

7 Pages
Executive Snapshot
Situation Overview
Lack of Consistent Measurements
Data Accessibility and Quality
Lack of Industry-Specific Databases Covering ESG Issues
The Need for a Consolidated Reporting Requirements and Disclosures Framework for European Financial Entities
Scoring Models
The Way Forward
Advice for the Technology Buyer
Understand Data Sources and Inputs
Verify Vendor Support for Specific ESG Regulatory Frameworks
Build an Industry-Specific Database
Be Aware of Scoring Models
Prepare an ESG Road Map
Learn More
Related Research
Synopsis
How Do Licenses Work?
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