Key data in brief. 68% of organizations globally have put in place specific roles to oversee ESG reporting and initiatives. 75% have started formally reporting on their ESG, climate and sustainability or corporate social responsibility data over the last three years. 63% of decision makers see formal stakeholder engagement informing ESG materiality to a significant extent. ESG reporting has generated a positive impact across customer retention and recruitment (72%), cost savings (71%), insurance or credit agency engagement (71%), and reduced long-term risk (71%). 63% of decision makers currently feel unprepared to meet their ESG goals and government and regulatory reporting mandates. Environmental issues are their biggest concern with their top two challenges being related to this area: calculating carbon accounting level data and greenhouse gas protocols for Scope 1, 2 and 3 emissions. Over the next 12-18 months, 43% of organizations’ internal ESG budget will be devoted to addressing environmental factors. 76% of decision makers believe technology is important to compiling and collaborating on ESG data. Only 35% believe they can use technology and data very well to make decisions on advancing ESG strategy. WORKIVA ESG REPORT FINDING 2
ESG Report Page 2 Page 4