Despite the unpredictable political landscape marked by the recent 2024 elections, 85% of executives surveyed by Workiva have reaffirmed their commitment to moving forward with climate disclosures.
This resolve is supported by a broad consensus on the financial benefits of integrating financial and ESG data, with 97% of executives recognizing that such integration helps pinpoint performance gaps, fostering financial growth.
In a striking display of resilience, 85% of these leaders intend to continue their greenhouse gas emissions reporting despite any political shifts. Similarly, 83% and 82% of executives will respectively maintain disclosures on climate-related risks and their material impacts. This consistency underscores a global trend towards tighter regulation, anticipated by a majority in various regions: 60% in the UK, 78% in Brazil, and 80% in Singapore expect new or expanded regulations within the next year.
Moreover, the Corporate Sustainability Reporting Directive (CSRD) is gaining traction globally. Even among those not mandated to comply, 75% plan to align their reports with CSRD guidelines, acknowledging its value in informed investment decisions—a sentiment echoed by 96% of institutional investors.
Mandi McReynolds, Vice President of Global ESG and Chief Sustainability Officer at Workiva, highlighted the proactive shift in business strategy. “After over 70 national elections globally, leaders are embedding resilience and adaptability into their strategies. Our 6,000+ global customers are pioneering business data and reporting models that are robust against economic and geopolitical shifts, driving sustainable value through a blend of business performance, social impacts, and technology,” McReynolds stated.
Inflation and regulatory changes are poised to significantly influence business reporting in the coming years, as noted in the survey findings. Workiva is set to delve deeper into these trends with the upcoming release of its 2025 Executive Benchmark Survey in February.
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