Nearly 3 in 5 executives report having implemented a cross-functional ESG working group tasked with driving strategic attention to ESG and another 42% are taking steps to do the same.in 2021, a similar profile of survey respondents indicated that only 21% had implemented a cross-functional ESG working group. While nearly all respondents have plans to create a cross-functional ESG council or working group, progress varies by industry.
ESG readiness and external assurance remains a valuable tool in preparations and makes a significant and immediate impact on a company’s governance and reporting processes and controls. Nearly all respondents plan to seek external assurance for the next reporting cycle, with 61% already seeking external assurance and 35% seeking external assurance for the first time in the next reporting cycle.
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