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Talking ESG: Current state of reporting readiness

PwC's accounting podcast

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Challenges in Transitioning to Required Reporting on ESG Matters

The chapter explores the obstacles encountered by companies as they shift from historical reporting to mandated reporting on Environmental, Social, and Corporate Governance (ESG) issues. It discusses difficulties such as turnover impacting institutional knowledge continuity, the need for consistency in methodologies, and the adjustments required for changes in reporting metrics. Additionally, it stresses the importance of being prepared for assurance processes by adopting an auditor mindset, documenting methodology changes, and conducting interim testing throughout the year.

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