This is the 11th edition of the KPMG Survey of Sustainability Reporting; the first edition was published in 1993. This year, KPMG professionals reviewed sustainability reporting from 5,200 companies in 52 countries and jurisdictions, making this the most extensive survey in the series to date.
The survey provides a detailed look at global trends in sustainability reporting and offers insights for business leaders, company boards and sustainability professionals. Its aim is to support those who have a responsibility for assessing and preparing their own organisation’s sustainability reporting. The survey also serves as a guide to investors, asset managers and ratings agencies who now factor sustainability or Environmental, Social and Governance (ESG) information into their assessment of corporate performance and risk.
Key findings for Ireland show a significant increase in Irish companies’ reporting on sustainability performance, with 88% of the top 100 companies reporting on sustainability data, up from 78% in 2018. The result places Ireland above the Survey’s global average of 77%.
The survey also finds that while Irish companies reporting on sustainability tend to include more in-depth content on carbon reductions, climate risks and connecting business activities to UN Sustainable Development Goals (UN SDGs) than the global average, they are also slower in adapting to guidelines and standards, such as the Global Reporting Initiative (GRI) and Integrated Reporting (IIR), on obtaining assurance on their data and on reporting on their operations’ effects on biodiversity.
Irish businesses have demonstrated their awareness of the importance of the sustainability agenda in the development of their businesses, and recognise the increasing emphasis that investors are placing on a company’s commitment to sustainability.
Click below to see key findings from the survey. Download the report for more details and insights from KPMG sustainability reporting professionals around the world and third party commentators.