Most companies have high ambitions in ESG corporate strategy: KPMG

Only two of 50 firms plan to comply with the minimum requirements of ESG reporting.

Most businesses have high ambitions in ESG which some perceive as a strategic issue embedded in core business and strategy, KPMG reported.

In its ESG Governance report, KPMG interviewed 50 chief sustainability officers and managers, of which only 2 plan to comply with the minimum requirements of ESG reporting.

“If we want to exist as a company in 10 or 20 years from now, we need to transform,” the report read, citing one respondent.

Moreover, the report revealed that decarbonising business models and reducing greenhouse gas emissions were amongst the topics most often included in ESG strategies with almost all respondents saying it is present to a great or some extent.

The next most-mentioned ESG topics are diversity, equality and inclusion and human rights in the value chain. Although not highly represented in strategy, a number of respondents recognized the increasing relevance of nature and biodiversity as a key ESG topic.

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