Global ESG Reporting Lacks Consistency, Accounting Survey Shows

Most multinational companies report on sustainability, but an increasing number are using several different reporting standards, according to the results of a survey released Monday.

The study of sustainability reporting by 1,400 global companies found that 92% of them reported at least some information about their environmental, social, and corporate governance performance in 2020. Some 58% had their ESG data audited, up from 51% the previous year.

• The use of multiple frameworks or standards, “results in data that is not consistent,” Kevin Dancey, CEO of the International Federation of Accountants, said in a release accompanying the report. Dancey ...