Governments to pay more attention to ESG reporting from corporates

Environmental, social and governance (ESG) disclosures – things that are typically not at the core of financial statements – are the next major focus for global and domestic governments, regulators and rule-makers.

Public sector attention has switched decisively to this important area of compliance and accountability. 

Climate change and the reduction of emissions to net zero might be the factors that provoke headlines, but more time needs to be spent focusing on how entities report on what they do to reduce carbon emissions and keep their companies environmentally friendly.

This will be an ongoing policy challenge for politicians, public servants, and statutory bodies that are dealing with the setting of reporting and assurance guidance.