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Sustainability leaders can advance their organizations' sustainability reporting by closely collaborating with the finance function and ESG controllers on required disclosures and providing institutional knowledge on voluntary reporting efforts. In turn, they can leverage this information to help the organization execute its strategy, develop new products and services and decarbonize supply chains and operations. Sustainability initiatives offer extraordinary opportunities that can identify ways to save money and grow the business. As a result, sustainability leaders can gain a leading voice in the C-suite.
The EU’s Corporate Sustainability Reporting Directive (CSRD), the Corporate Sustainability Due Diligence Directive (CSDDD), Deforest Regulation and the Carbon Border Adjustment Mechanism (CBAM) are just a few examples of how global regulations are driving expanded sustainability reporting, regardless of where your company is headquartered. Here’s how these rules may impact your business.
Regulation is transforming corporate reporting. With the EU’s CSRD and the SEC’s climate-related disclosure rules (which are currently on hold), companies can assess if today's voluntary reporting approach will suffice tomorrow.
ESG controllers, who specialize in sustainability reporting, are leading efforts to establish controls and processes necessary to provide reliable reporting around nonfinancial data. That allows you to refocus on identifying the organization’s material impacts, risks and opportunities, executing strategy to advance sustainability goals and creating value across the business.
Together, you can satisfy demands for high-quality data and reporting that can be assured by an independent third party. Doing so can build trust at a time when many investors believe reporting contains unsupported claims.
Prepare for the SEC climate disclosure rules and other regulations that expand reporting requirements.
Companies that are developing a sustainability data reporting strategy should consider putting technology at the center of that effort.
How can CFOs drive sustainability? PwC’s checklist reveals how the finance function can lead on CSRD reporting, decarbonization and transformation.
Learn how generative AI's operational efficiencies can help reduce carbon emissions while balancing its impacts on your carbon footprint.
[85%] of executives and investors say that reasonable assurance would give them confidence in sustainability reporting
Your success as a leader will likely be measured by how well you embed sustainability across the business and your ability to execute on a mandate to reduce your company’s carbon footprint. It’s a challenging task. Sustainability initiatives are often complex, span the organization and require significant capital investment. While some may offer an immediate return, others may take years to complete.
To show your impact, work with your C-suite colleagues to demonstrate how sustainability initiatives can lead to supply chain efficiencies, energy savings and the development of products and services that can command higher premiums. Be laser-focused on execution, leverage tax incentives to defray costs and communicate progress to your leadership team and the board so that sustainability efforts maintain momentum and those stakeholders can see future opportunity.
A key consideration of a company's sustainability data reporting strategy is its approach to measuring and managing Scope 3 emissions over time.
Many companies make the mistake of only considering sustainability in the later stages of product development.
Your resource for sustainability insights on strategy, reporting, energy demand, capital projects, tax policy, climate risk, regulatory updates and technology.
Discover how decarbonization leaders drive value by cutting Scope 3 emissions through product sustainability and smart governance, funding & engagement.
[9.7%] the premium above the average price that consumers are willing to pay for sustainably produced or sourced goods
Having the right technology is essential for collecting and safeguarding sustainability data so the information coursing through your organization is both thorough and reliable. Resist the notion that sustainability is just a cost. While investments in technology are critical, you may be able to leverage existing systems.
Fine-tune your strategy by analyzing data throughout the year, building confidence in its narrative along the way. Over time, you may be able to uncover untapped growth opportunities such as new products and services, cost-cutting measures and supply chain enhancements.
Design a tech-driven process that can help track complex decarbonization projects and adapt to an ever-expanding regulatory landscape. With increasing requirements for sustainability data — covering everything from nature and product packaging to human rights — deadlines that once seemed far off will take hold starting in 2025.
Companies that are developing a sustainability data reporting strategy should consider putting technology at the center of that effort.
PwC and Microsoft have developed a tech and data architecture for strategic sustainability that can support both short-term and long-term climate challenges.
Technology can help you take advantage of tax incentives and credits, like the inflation reduction act, to advance the value of sustainability initiatives.
Cloud solutions can help businesses meet their sustainability goals, but it brings challenges too. Here's what to know to make the most of cloud.
{More than half of CEOs} have plans to or have already innovated new, climate-friendly products, services and technology
Identify the key focus areas of your colleagues.