94% of Investors Say Corporate Sustainability Reporting Contains Unsupported Claims: PwC

Investors are increasingly concerned about corporate greenwashing, with a recent survey by PwC revealing that nearly all respondents believe that corporate reporting on sustainability performance contains unsupported claims. The survey also found that investors want more transparency on the cost of companies’ ESG commitments and the impact of their portfolio companies on the environment and society. Many investors are looking to regulatory sustainability reporting regimes to address greenwashing concerns. They are also incorporating sustainable investment practices, such as linking executive pay to ESG targets and divesting from companies that lack sufficient action on sustainability. Reliable and comparable corporate reporting is crucial to meet investors’ information needs.

Resource: https://www.esgtoday.com/94-of-investors-say-corporate-sustainability-reporting-contains-unsupported-claims-pwc/