The Challenges of Manual ESG Reporting
There is a steadily expanding need for reporting on a wide variety of environmental, social, and governance (ESG) elements. Governments, investors, customers, workers, and business partners demand more transparency in an organization’s ESG measures. Although ESG disclosure has advanced, the percentages of firms releasing Scope 1 and 2 disclosure reports were still significantly below 40%, and the rates of Scope 3 disclosure remained under 25% as of February 2022 for components of the MSCI ACWI Investable Market Index (IMI).
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