Environmental, social and governance (ESG) engagement to reduce and report your carbon footprint is a unique opportunity to respond to the demands of investors, customers, and employees to gain a competitive edge. The challenge: moving from ‘why’ to ‘how’ to turn ambitions into action.
We know from talking to CEOs that they do not view this as just a compliance exercise, but a unique opportunity to respond to the demands of investors, customers, and employees to unlock value and build trust.
Rob Fisher, KPMG US IMPACT Leader
The SEC’s proposed climate rules are extensive, resulting in companies rapidly needing to address climate-related risk and compliance leading to value creation.
Low SEC readiness
17%
of companies feel very prepared for SEC ESG reporting1
Increased effort
78%
of companies believe SEC reporting will require more effort than current ESG reporting1
Strong support for climate reporting
75%
of almost 600 respondents in the public consultation period supported some form of SEC-mandated climate disclosures2
Sources: (1) KPMG LLP, “ESG Survey” (March 2022). (2) KPMG LLP, “SEC proposes climate reporting and assurance rules” (March 2022).
