PwC Canada study shows ESG reporting falls short across Canada’s top 150 public companies

PwC Canada study shows ESG reporting falls short across Canada’s top 150 public companies

Canadian ESG reporting is falling short, leaving organizations at risk of missing opportunities for increased long-term value creation and goodwill for their brand.Stakeholders want to know what non-financial items are critical to a company’s success, but only 41% of companies have ESG reports showing how sustainability is a fundamental part of their core strategy.Of the companies reviewed, only 18% benchmark KPIs against competitors or other external sources.73% of global investors say it’s important that ESG-related metrics are independently assured, however only 20% of Canadian organizations have some type of assurance over their ESG information.TORONTO, Jan. 27, 2022 /CNW/ – PwC Canada unveiled its inaugural Canadian ESG reporting insights study, analyzing the current and trending challenges Canadian organizations face with their ESG reporting practices. This comprehensive analysis explores ESG reporting maturity across 150 of Canada’s top organizations. Relying exclusively on publicly available information, PwC assessed elements such as strategy, materiality, metrics, assurance and other key components of ESG reporting. The data collected will help companies improve where they fall short, and strategize to successfully include ESG, considering the growing significance it holds with investors and stakeholders.

ESG reporting falls short across Canada’s top 150 companies: PwC

https://finance.yahoo.com/news/pwc-canada-study-shows-esg-130000291.html

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