Over the past three decades, sustainability reporting has been largely voluntary.  KPMG’s surveys of sustainability reporting have offered meaningful insights on how to improve levels of disclosure for business leaders, sustainability professionals, and company boards.

Today, policymakers are on the precipice of adopting mandatory and regulated sustainability reporting and the reporting landscape is poised to change drastically. The findings in KPMG’s 2022 ‘Survey of Sustainability Reporting’ reflect on the current state of reporting and overarching business strategies that can enable companies to meet increasing regulatory expectations – all while creating impact and generating value for society.

The 2022 KPMG survey is one of the most comprehensive and authoritative pieces of global research on sustainability reporting, based on an analysis of financial reports, sustainability and Environmental, Social and Governance (ESG) reports, and websites from 5,800 companies in 58 countries, territories and jurisdictions.

It acts as a guide for those preparing their own organization’s sustainability report. It also supports investors, asset managers and ratings agencies who now factor sustainability or ESG information into their corporate performance and risk assessments.

The 2022 survey includes new topics that reflect the evolving nature of sustainability disclosures. New sections include the use of materiality assessments, along with reporting on social and governance risks. The findings indicate five major emerging trends in sustainability reporting:

  • Sustainability reporting is growing incrementally with movement towards the use of standards framed by stakeholder materiality assessments
  • There is increased reporting on climate-related risks and carbon reduction targets, in line with TCFD
  • There is a growing awareness of biodiversity risk
  • Reporting on the UN SDGs prioritizes quantity over quality
  • Climate risk reporting leads, followed by social and governance risks.




Survey of Sustainability Reporting

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The survey showed that 97% of N100 companies in Thailand have sustainability reporting, one of the highest rates globally. This is up from 84% in 2020. Out of those, 59% are in line with TCFD recommendations and 68% refer to biodiversity in their reporting. The increase in reporting is in part due to the Securities and Exchange Commission (SEC)’s requirement for the ‘One Report’ for reporting year 2021 that gives more focus on the disclosure of sustainability and ESG.

This shows that we are moving in the right direction as the country aims to achieve carbon neutrality by 2050 and net zero emission by 2065. However, apart from focusing on the E part of ESG, companies need to also focus on the Social and Governance components. Another key recommendation is for companies to focus on tracking and providing quantifiable data in sustainability reporting. This will help companies identify key risk areas and attach value to their sustainability initiatives, further highlighting the importance of sustainability for the board, stakeholders and society at large.

Tanate Kasemsarn
Head of ESG, KPMG in Thailand



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