Controllership strategies for ESG reporting

The environmental, social, and governance (ESG) disclosure and reporting risk landscape has changed. Globally, regulators have issued or proposed new rules mandating ESG disclosure, and ESG reporting has implications for your organization’s people, processes, internal controls, and technology’s enablement to meet expectations and efficient timelines.

Controllership is uniquely positioned to help design and implement efficient responses to the new risk calculus. And if your controllership responsibilities extend across multiple jurisdictions— domestically or internationally—you’ll need a view into what those continuously changing requirements are, as well as processes and internal controls that are thoughtfully developed, repeatable, and sustainable.

Getting this all done is no small task. But you can reduce complexity by approaching your preparations along four potential key dimensions: multi-jurisdictional reporting requirements, technical accounting, data collection, and business insights. Read on to get an overview and download the report.

A holistic view of ESG reporting

Each of these dimensions—managing reporting requirements, tackling the technical accounting, sourcing complex data sets from various sources, and enabling strategy—touches on multiple business functions. What’s more, each one intersects with the other three. This means you’ll need different disciplines and levels of experience to help carry out ESG reporting in a way that’s efficient, cost effective, and supportive of your ability to be a good business partner to others in the organization.

There’s no single template for what that ecosystem looks like. The extent to which you need to create new roles and responsibilities, build, or enhance ESG information processes, and bring technology into the equation is unique to your organization. But if you approach it holistically, enlisting the help of colleagues across and outside the organization, you can bring order to potential chaos while further enhancing the controllership function’s reputation for excellence in the organization.

Want to learn more? Download the report for deeper insights and topic analysis.

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To learn more about how to approach your ESG program, contact us.