Navigating the Evolving ESG Reporting Landscape - A Guide to Compliance in the Face of Regulatory Changes in 2024

Description

The IDC Perspective discusses the evolving landscape of environmental, social, and governance (ESG) reporting, highlighting the impact of regulatory changes on businesses. It emphasizes the importance of compliance, the need for standardized and comparable ESG data, and the implications for investor relations and access to capital. The document also provides strategies for ensuring compliance and driving positive change, including conducting comprehensive ESG risk assessments, implementing robust data collection systems, and engaging with stakeholders. It concludes with best practices and future proofing strategies for ESG reporting."ESG reporting is clearly here to stay, but the rigor, process, and depth needed in the future will far surpass what is currently expected." - Dan Versace, research analyst, Environmental, Social, and Governance (ESG) Business Services, IDC

Product Code: US49363522

Executive Snapshot

Situation Overview

Key Insights

Advice for the Technology Buyer

Dealing with the Shifting Regulatory Landscape
- Overview of Recent and Upcoming ESG Regulations Globally
- Analysis of How Regulations Impact Reporting Requirements
Implications for Businesses
- Risks Associated with Noncompliance
  - Legal Repercussions
  - Brand and Enterprise Value
  - Financial Implications
- The Need for Standardized and Comparable ESG Data
  - Enhancing Credibility and Transparency
  - Facilitating Benchmarking and Performance Evaluation
  - Enabling Investor Decision-Making
  - Supporting Regulatory Compliance
- Impact on Investor Relations and Access to Capital
Strategies for Ensuring Compliance and Driving Positive Change
- Conducting a Comprehensive ESG Risk Assessment
- Implementing Robust Data Collection and Management Systems
- Engaging with Stakeholders to Understand Their Expectations
Best Practices for Positively Influencing Reporting Mandates Globally
- Collaborating with Industry Peers
- Participating in Regulatory Advocacy
- Providing Thought Leadership
Future Proofing ESG Reporting
- Staying Informed About Upcoming Regulatory Changes
- Building Flexibility into Reporting Processes to Adapt to Evolving Standards
- Fostering a Culture of Transparency and Accountability Within the Organization