Companies Advance ESG Strategies Despite Data Quality Challenges: Deloitte Report

Despite data quality issues, a significant number of companies are integrating sustainability into their strategies. According to Deloitte’s 2024 “Sustainability Action Report,” over 75% of executives have seen progress in their sustainability goals. “Sustainability reporting and transparency can drive trust with stakeholders and is now subject to assurance and regulatory scrutiny in many jurisdictions,” says Kristen Sullivan, Audit & Assurance partner, Deloitte & Touche LLP. The SEC’s climate-related disclosures and the EU’s requirements are pushing organizations to invest in sustainability reporting. Over half of the surveyed executives reported that sustainability efforts led to greater efficiencies, reduced risks, and enhanced stakeholder trust.
“By strengthening sustainability governance and capabilities, organizations can prioritize performance on material sustainability impacts, risks and opportunities, and unlock strategic insights to help capture market value and stakeholder trust,” adds Sullivan. Data quality remains a significant hurdle, with 57% of respondents identifying it as their top challenge. Despite these issues, 74% are prepared to disclose Scope 1 GHG emissions, up from previous years.

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