This study, an annual benchmark that now includes 2022 data, also found the use of varying sustainability standards and frameworks, continues to make it difficult for investors, lenders, and other stakeholders to find consistent and comparable sustainability information.
Key findings revealed a surge in companies reporting sustainability information, with 98% doing so in 2022 compared to 91% in 2019. However, standalone sustainability reports have declined, indicating a shift towards integrated reporting. While there is an increase in companies seeking assurance on sustainability disclosures, the scope remains limited. Additionally, accounting firms dominate assurance engagements, reflecting growing recognition of their reliability in ensuring sustainability disclosure consistency.
Access the report on IFAC’s website.