A survey by professional services giant EY Assurance has found that three quarters of financial leaders want to see more consistent ESG reporting standards and that they must be mandatory. A similar proportion of the 1,000 executives interviewed said that ESG was a “significant part of their role” – up from two-thirds in the poll last year. Nevertheless around a third of respondents said that there was a lack of real-time data and information with long-term value. And almost a quarter said there was a “disconnect” between reporting ESG and mainstream financial information. “There is no doubt that the drive towards improved sustainability reporting is gaining momentum… but there is a steep mountain to climb,” said Marie-Laure Delarue, EY Global Vice Chair.
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