A new study that puts a dollar cost to climate-related performance reporting has found that the cost of gathering, analysing and reporting data by financial institutes is $1.37 million annually, while corporate issuers spend US$533,000 a year on disclosures. The report by The SustainAbility Institute by ERM for Ceres and Persefoni, also found that firms said benefits of disclosure and assessment included improved achievement of sustainability goals, better access to data that can help enhance corporate strategy and, in some cases, lower cost of capital.
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