As environmental, social, and governance risks are becoming a strategic issue for corporations, CSR and sustainability teams are taking on greater responsibility for ESG activities. As a result, corporate sustainability professionals need to understand how ESG is evolving, how peers are facing ESG risks, and how to approach ESG reporting and ratings.
The Morningstar Sustainalytics Corporate ESG Survey Report highlights the challenges CSR and sustainability professionals are facing, how peers are meeting the challenges, where companies are focusing their ESG efforts, and how companies are using ESG ratings or scores.
Read the report to learn:
- The ESG challenges companies face around the world and the resources CSR and sustainability professionals are using to meet them.
- The key steps to ESG maturity, including assessing strategic ESG risks, setting goals and KPIs to address the risk, and implementing a formal ESG strategy.
- Where companies are focusing their ESG investments, including the priority issues that are of emerging and ongoing concern.
- How companies are using their ESG ratings or scores to help address their own challenges and inform their ESG programs.
Are CSR and sustainability teams becoming ESG teams?
How many firms have identified strategic ESG risks?
Key Findings
- 77% of CSR and sustainability professionals say they are involved in the majority of corporate ESG-related tasks, including reporting and disclosure, target setting and measurement, program planning, and ESG ratings.
- Budget constraints (35%), lack of human resources (34%), and the measurement, reporting and disclosure of outcomes (33%) are the top challenges for respondents.
- Environmental issues are more than twice as important (53%) to respondents than social (22%) or corporate governance (25%) risks. Emissions are the top priority issue for respondents in the coming year.
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