As ESG reporting increases, CFOs have higher priorities

The cross-functional nature of DEI poses a unique challenge to reporting ESG information, as different stakeholders will inevitably have conflicting ideas on both where the data should live and its importance. PwC’s study shows that there is still progress to be made when it comes to integrating DEI functions into both internal and external reporting standards.

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Takeaways:
– PwC’s CFO Pulse survey: 50% of executives said their org will increase D&I reporting to internal and external stakeholders
-21% of CFOs see enhancing ESG disclosures as a 2021 priority
– 68% focused on metrics, material issues, and frameworks
– 62% predict company plans to increase D&I training and 51% anticipate an increase in D&I reporting to internal stakeholders

ideascape View:
The cross-functional nature of DEI poses a unique challenge to reporting ESG information, as different stakeholders will inevitably have conflicting ideas on both where the data should live and its importance. PwC’s study shows that there is still progress to be made when it comes to integrating DEI functions into both internal and external reporting standards.

At ideascape, we help DEI teams see themselves as the “S” of ESG. Our database of reporting materials, standards, and formats helps our members identify trends, innovative techniques, and pain points when it comes to reporting. We look at ESG from a holistic POV– focusing on what information gets reported and most importantly, how that information is presented to internal and external stakeholders. Talk to Jonathan Dyke for the details on how ideascape can support your DEI strategy execution.

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