Finance Monthly. 6 THE MONTHLY ROUND-UP News You Can’t Afford to Miss The Monthly Round-Up The annual Global Finance Trends Survey, conducted by global consulting firm Protiviti, finds that the pressure to implement and report on organization-wide ESG programs has intensified for CFOs, with 60% of finance leaders indicating a substantial increase in the focus and frequency of their reporting related to ESG issues. Year over year, ESG metrics and measurement have jumped up the priority list, with CFOs and VPs of Finance noting it as their top priority in 2023, compared with it ranking in the 11th position just last year. In fact, 57% of publicly held and 40% of privately held companies report that measuring and reporting ESG risks and issues has become part of their finance team’s role in the last year. CFOs and finance leaders are preparing for a global wave of ESG-related regulatory requirements, including the already-enacted Corporate Sustainability Reporting Directive (CSRD) in the European Union (EU) and expected climate impact reporting requirements for U.S. public reporting companies from the U.S. Securities and Exchange Commission (SEC). As the magnitude of these new requirements becomes apparent, finance teams continue to prepare: 52% of privately held organizations and 62% of publicly held organizations consider themselves ready for new required ESG disclosures. “While the term ‘ESG’ has become a hot button issue for some, stakeholder demands and regulatory reporting requirements aren’t going away, leading CFOs and finance leadCFOS RANK ESG METRICS AND MEASUREMENT AS THEIR TOP PRIORITY, FINDS LATEST PROTIVITI GLOBAL FINANCE TRENDS SURVEY
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