Despite the potential risks of ineffective reporting and the clear benefits of geing it right, the process has not yet been perfected. Challenges persist. In particular, reporting environmental data is concerning decision makers with their top two challenges relating to this area. Please rank the 3 biggest challenges for your organization regarding ESG reporting? Calculating greenhouse gas protocols 34% to measure scope 1, 2, 3 emissions Having carbon accounting level of data 33% Communicating corporate value to 32% address investor/stakeholder needs Lacking clarity around regulations 31% and framework standardization Lacking clear business goals for the 29% organization - corporate ESG strategy Conducting materiality assessment 29% and stakeholder engagement mapping Validating data for accuracy/auditing 28% Difficulty defining 27% and calculating metrics/KPIs Not having the right technology to manage ESG 21% reporting (compile and collaborate on data) Ensuring supply chain data accuracy 18% Funding ESG 17% As a result, there is still a long way to go not just in effectively reporting ESG but also in achieving ESG success more widely. Worryingly, as many as two thirds (63%) of decision makers feel unprepared to meet their ESG goals and government and regulatory reporting mandates at this moment in time. WORKIVA  ESG REPORT FINDING 5