Thirty-five percent of senior executives identify unreliable data as their biggest challenge as they try to gauge company performance in meeting environmental, social and governance (ESG) best practices, a new Deloitte survey finds.
In the survey of 300 respondents, one out of four financial executives said they lack access to essential data. As a result, 99% of companies surveyed said they will likely invest in more technologies and tools related to ESG measurement and reporting during the next 12 months.
Nearly three in five executives (57%) said they have created a cross-functional ESG working group compared with 21% in a 2021 survey. Forty-two percent of the respondents said they are currently launching similar working groups. See more highlights.