毕马威-2022年可持续发展报告调查

Bigshifts,

smallsteps

SurveyofSustainabilityReporting2022

KPMGInternationalOctober2022

ExecutiveSummary

GlobalTrends

ClimateRisk

Biodiversity

SDGs

ESG

Methodology

Contents

Aboutthesurvey3

Abouttheleadauthors8

Executivesummary9

Researchsamples:G250andN10011

Keyglobaltrendsinsustainabilityreporting12

Reportingonclimateriskandcarbonreduction38

Reportingtheriskfrombiodiversityloss50

ReportingontheUNSustainableDevelopmentGoals56

ESG61

Methodology73

Howwecanhelp76

Readmore77

Appendix78

Acknowledgements79

Contacts80

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ExecutiveSummary

GlobalTrends

ClimateRisk

Biodiversity

SDGs

ESG

Methodology

Aboutthesurvey

WelcometoKPMG’sbiennialSurveyofSustainabilityReporting2022

Firstpublishedin1993,this2022surveymarksthetwelfthedition,examiningsustainabilityreportingtrendsaroundtheworld.Overthepasttwodecades,sustainabilityreportinghasbeenlargelyvoluntary,sothepurposeofthissurveywastooffermeaningfulinsightsabouthowtoimprovelevelsofdisclosurebybusinessleaders,sustainabilityprofessionals,andcompanyboards.Today,weareontheprecipiceofadoptingmandatoryandregulatedsustainabilityreportingandthereportinglandscapeispoisedtochangedrastically.Thefindingsinthisreportreflectonthecurrentstateofreportingtoday,thegapsthatshouldbefilledtomeetregulatoryrequirementsandtheoverarchingbusinessstrategyconsiderationsthatcanallowcompaniestomeetincreasingregulatoryexpectationswhilestillcreatingimpactandgeneratingvalue.

Thisisourmostextensivesurveytodate,withfivenewmemberfirmscontributingtotheresearch:

Estonia,thePhilippines,Uruguay,VenezuelaandVietnam.WhileChileandIsraelreturntothesurveyafternotreportingin2020,Ecuador—a2020participant—hasnotparticipatedthistime.KPMGprofessionalsanalyzedfinancialreports,sustainabilityandEnvironmental,SocialandGovernance(ESG)reports,andwebsitesfor5,800companiesin

58countries,territories,andjurisdictions.Thesurveyprovidesinformationandinsightsforthosepreparingtheirownorganization’ssustainabilityreport,aswellasforinvestors,assetmanagersandratingsagencieswhonowfactorsustainabilityandESGinformationintotheircorporateperformanceandriskassessments.

The2022surveyincludesanumberofnewtopics,includingtheuseofmaterialityassessments,reportingonsocialrisks,andreportingongovernancerisks.

Visit

home.kpmg/sustainabilityreporting

formoreinformationaboutthesurveyandtoexplorethedatainmoredetailusinganinteractiveonlinetool.

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ExecutiveSummary

GlobalTrends

ClimateRisk

Biodiversity

SDGs

ESG

Methodology

Foreword

Asbusinessownersandprofessionals,weknowthatwhatgetsmanagedgetsmeasured.

Today’scorporatesustainabilityreportingrequirementsprovidesolidframeworksthatmakereportingconsistentandrelative,aswellasenableustomeasureandcompareourimpactsandoutcomes.EstablishedrequirementslikeGRIhavetraction,andnewandemergingframeworkssuchastheTNFDarenecessarilyexpandingthereportinglandscape.Leadingpracticesandlessonslearnedaccelerateourcapabilitiestomaximizetheframeworkseffectivelyandefficiently.Together,thesetoolshelpusachieveoursharedgoalofgreaterconsistencyandconsolidationinthisreportingrealm.

Butitcan’tbejustacasualtick-the-boxexercise.

CompaniesneedtocontinuetomakeurgentprogresswithESGreportinginawaythatsupportstheirshort-termandlong-termbusinessobjectives.ArobustsustainabilityreportingecosystemwillhelpbusinessesnotonlymeasureprogressonexecutingtheirESGstrategy,butalsosupportbusinessesindrivingvaluewhilemobilizingcapitalmarketstohelpsupportinnovativeandmuch-neededsolutionstothemanysocietalissuesweface.

Corporatesustainabilityreportingcan—andshould—startdrivingadifferentconversationsuchthatbusinessownersstretchtheirthinkingandensure,fromthetopdown,leadershipacrossourorganizationsaremakingprincipledandstrategicdecisionsthattaketheclimate,

aswellasbroaderESGconsiderations,intogreaterandsustainedaccount.TheseHQconversationsbecomelessaboutwhatacompany‘must’do(comply)andmoreaboutwhatacompany‘wants’todo(bringchange).Thisisagoodthing.

Andit’snotfree.

Withoutquestion,thismodernandholisticapproachwillincludesustaineddiscretionaryspendingwithESGremainingalineitemontheannualfinancialplan.

CompanyleadersshouldbudgettherequiredhumanandfinancialresourcestofaceourglobalESGpredicamentshead-on—withgritandzeal—continuously.Thereisnoone-and-done.Thisisalong-termcommitment;anannualexpenditureweshouldgetcomfortablewithifwegenuinelyintendtoeffectrealchangewithinandacrossourborders.

Withsignificantconcernsofthechangingclimate,increasedconflict,risinginflationsubsequentlyescalatingthecostofliving,andtheloomingthreatofanotherrecessioninlessthantwodecades,thishasbecomeacriticalintersectionforleaders.Thosewithvisionandanunyieldingfocusonthefuturewilllikelyseekandembracebusinessopportunitiesforlong-termvaluecreationinapurpose-led,sustainable,low-carboneconomy.

Wehavetools.Wehaveknowledgeandawareness.Wehaveresponsibility.Let’scommit.

JohnMcCallaLeacy

HeadofGlobalESG

KPMGInternationalandPartner,

KPMGintheUK

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ExecutiveSummary

GlobalTrends

ClimateRisk

Biodiversity

SDGs

ESG

Methodology

Glossary

CSRD:

CorporateSustainabilityReportingDirective

ESG:

Environmental,socialandgovernance

EU:

EuropeanUnion

G250:

World’s250largestcompaniesbyrevenuebasedonthe2021Fortune500ranking

GRI:

GlobalReportingInitiative

IPCC:

IntergovernmentalPanelonClimateChange

ISSB:

InternationalSustainabilityStandardsBoard

N100:

Worldwidesampleofthetop100companiesbyrevenuein58countries,territoriesandjurisdictions

SASB:

SustainabilityAccountingStandardsBoard

SDG:

UnitedNationsSustainableDevelopmentGoals

TCFD:

TaskForceonClimate-relatedFinancial

Disclosures

TMT:

Technology,mediaandtelecommunications

TNFD:

TaskforceonNature-relatedFinancialDisclosures

USSEC:

UnitedStatesSecuritiesandExchange

Commission

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ExecutiveSummary

GlobalTrends

ClimateRisk

Biodiversity

SDGs

ESG

Methodology

Bigshifts,smallsteps

Thesurvey’stitle‘Bigshifts,smallsteps’acknowledgesthemanywaysinwhichtheworldhaschangedoverthepast2years.Regulatorsandnon-profitstandard-settersaroundtheworldhavetakensignificantactionaroundnon-financialdisclosureduringthisperiod,asshownbelow.Moreimportantly,corporationsareevolvinginrealtimewithshiftingprioritiesintheworldaroundthem.EventsliketheIPPC‘CodeRedforHumanity’report,theCOVID-19pandemic,theBlackLivesMattermovement,andtheRussiangovernment’sinvasionofUkrainehavedrawnstrongreactionsfromthepublic,butnowthepublicexpectscorporationstoreacttosucheventsaswell.

Overthepast3decades,oursurveyshaveshownthatsustainabilityreportinghasbecomeanacceptedpartofdisclosureandtransparencyformanylargecompanies,withacontinueduptakeofsustainabilityreportinggloballyandincreasingintegrationintomainstreamfinancialreporting.Withthisincreasedtransparencycomesgreateraccountabilityforactionaroundreducingcarbonemissions,haltingbiodiversityloss,andtacklingsocietalinequality.Yet,thisworkischallengingandgrowthinreportinghasslowedascompaniesfocusinward,assessingtheinvestmentnecessarytomitigatetheirrisksandtakeadvantageoftheopportunitiesthathavecometolight.

April2021

EuropeanCommissionadoptstheCSRDproposal,whichwillrequirelargecompaniestoreportonsocialandenvironmentalimpactsstartingin2024

November2021

•IFRSFoundationannouncestheformationofitsglobalreportingstandardizationinitiativethroughtheISSB.

•UKFinancialConductAuthorityreleasesSustainabilityDisclosureRequirementsdiscussionpaper

•HongKongStockExchangepublishesmandatoryclimatedisclosureguidance

February2022

•TheEUadoptsaproposalforaDirectiveonCorporateSustainabilityDueDiligencewithrulesforcompaniestorespecthumanrightsandtheenvironmentintheirglobalvaluechains

•TargetedrevisionsissuedfortheCSRDproposal

April2022

•EuropeanFinancial

ReportingAdvisoryBoard

issuesexposuredraftof

theEuropean

SustainabilityReporting

Standard(ESRS)forpublic

commentary

March2021

SustainableFinanceDisclosure

Regulations(SFDR)gointoeffectforassetmanagersandfinancialadvisersoperatingintheEU

October2021

•GRIstandardsupdated

December2021

•SingaporeStockExchangeissuesmandatorydisclosurerecommendationsonclimateandboarddiversity

•TheEuropeanCommissionpublishedthefirstdelegatedactonsustainableactivitiesforthefirsttwoenvironmentalobjectivesoftheEUTaxonomy

March2022

•USSECannouncesclimatedisclosureproposal

•ISSBreleasesexposuredraftforpubliccommentary

June2022

•China‘svoluntaryGuidanceforEnterpriseESGDisclosuretakeseffect

•JohannesburgStockExchangepublishesguidance

documentsonvoluntary

sustainabilityandclimate

•changedisclosure

CounciloftheEUand

EuropeanParliamentreach

agreementonCSRD

Note:Thistimelineisintendedtoprovideasampleofdevelopmentsinnon-financialdisclosureandisnotintendedtobeprovideacompleteorcomprehensiveview.

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ExecutiveSummary

GlobalTrends

ClimateRisk

Biodiversity

SDGs

ESG

Methodology

Whatcanyoudo?

Theworldisfacingcomplexclimate,socialandgeopoliticalissuesandaddressingESGprioritiesismoreimportantthanever.

Aswepublishthisedition,theloomingthreatofarecessionisraisingconcernsthatESGissuesmaybeputonthebackburnerinfavoroffinancialsurvival.ButtheworldhaschangedsincethelastrecessionandESGprovidesinsightsintothelong-termsustainabilityofabusiness.TheCOVID-19pandemicplacedaspotlightontheneedforbusinessresiliencyanddisclosureisnecessarytocommunicatehowyouarepreparedforthefuture.ThefindingsinthisreportprovidearoadmaptothefollowingkeytrendsyoushouldknowasyouplanyourapproachtoESGreporting.Wehaveseenmuchprogressoverthepastfewyearsinclimate-relatedreporting—theEinESG—butthisnowneedstotranslatetosocialandgovernance.Companiescontinuetofinditchallengingtostrikeabalanceinsustainabilityreporting,withacontinuedslanttowardspositivereportingandqualitativedescriptionsofimpactandlimitedinsightintotheimpactoftheenvironmentandsocietyonthebusinessitself.Companiesmustfindawaytoaddressboththeirpositiveandnegativeimpacts.

Uncertaintyhasbecomethenewnormalforbusinessesandouradvicetobusinessleadersistopreparenowonsustainabilityreportingaschangeiscomingatarapidpace.

Inlightofthetrendshighlightedinthissurvey,herearesometangiblewaysbusinessescanbegintonavigatethesustainabilityreportinglandscape:

•Understandstakeholderexpectationsusingstakeholdermaterialityassessmentstoinformyourbusinessstrategyandprioritizeyourfocus.

•DeterminestrategicimperativesagainstkeyESGtopicsanddefinekeymetrics,consideringimpendingregulations.

•Establishacross-functionalgovernancestructuretocollect,reportandapprovesustainabilityandESGinformation.

•Considerinvestinginqualitynon-financialdatamanagement,includingdocumentingprocessandtestingcontrolsovertheinformation,orsystemimplementation.

Eachcompany’ssustainabilityreporting

journeywillbeunique.Whetheryou

reportonclimate-riskorbiodiversity,

alignwiththeSDGsorSASB,or

choosetoreporton10or100metrics,

asuccessfulprogramwillcomplywith

mandatoryreportingrules,accurately

andreliablyreflectthematerialimpacts

thecompanyhasontheenvironment

andsociety,andeffectivelydescribe

howthecompanyintegratesESGrisks

andopportunitiesintoitsbusiness

strategy.Aswecontinuetoseebig

shifts,youcanbeconfidentthatKPMG

isreadytowalkalongsideyouasyou

takeyournextsteps.

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JenniferShulman

GlobalLeadfortheESGAdvisoryHub,KPMGInternationalandPartner,KPMGinCanada

Jenniferworksattheintersectionofeconomics,financeandESG.Shehasmorethan20yearsofexperiencehelpingclientswithcomplexeconomicanalyses,valueandcost/benefitissuesinmultiplesettings,includingESGstrategyandbusinesstransformation,ESGmeasurementandimpactanalysis,andESGreporting.

Jenniferhelpsclientswithmultiplestakeholderstodevelopandimplementfundingandcostingmethodologiesandstrategies,therebybringingtogetherelementsofeconomics,statisticalmodeling,costaccounting,andgametheory.

RichardThrelfall

HeadofGlobalInfrastructure,

GovernmentandHealthcare,

KPMGInternational

RichardisGlobalHeadofInfrastructure,GovernmentandHealthcare.Hehasalmost30yearsofexperienceinpolicy,governance,strategyandfinancing,advisingbothpublicandprivatesectorclientsintheUKandoverseas.

Richardhasanextensivenetworkofcontactsacrosstheinfrastructure,transport,utilityandconstructionmarketsandtherelatedpolitical,financialandlegalcommunities,intheUKandinternationally.Hehasalong-standingreputationforleadingclientsthroughcomplexandpoliticallyhigh-profiletransactionsandprovidingstrategic,financialandgovernanceadvice.

RichardisChairoftheInternationalCoalitionforSustainableInfrastructure,andKPMG’srepresentativeontheWorldBusinessCouncilforSustainableDevelopment.

ExecutiveSummary

GlobalTrends

ClimateRisk

Biodiversity

SDGs

ESG

Methodology

Abouttheleadauthors

JohnMcCalla-Leacy

HeadofGlobalESG

KPMGInternationalandPartner,

KPMGintheUK

Johnhasmorethan20yearsofexperienceinseniorandleadershiprolesatKPMG,andisastrongexternaladvocateforthe’S’inESGdrivinginclusion,diversity,andsocialequalityoutsideofthefirm.Johnisveryexperiencedinleadingrapid,complexchange.HeisaformerseniorleaderwithinKPMG’sGlobalCenterofExcellenceMergers&Acquisitionsteam.Todate,hehasledboththeoverallandtechnologyaspectsofsomeofthelargestmulti-billion-dollarclientmergers,acquisitionsanddivestmentsthatKPMGhaseversupportedacrossmultiplesectorsandgeographies.

JohnfocusesoninspiringanddrivingrapidESG-relatedchangeforKPMGfirmsandtheirclients.

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ExecutiveSummary

GlobalTrends

ClimateRisk

Biodiversity

SDGs

ESG

Methodology

Executivesummary

96%

ofG250companiesreportonsustainabilityorESGmatters

64%

oftheG250acknowledgeclimatechangeasarisktotheirbusiness

Lessthanhalfofcompaniesreporton

biodiversityloss

GRI,TCFDandSDGs

formthemostcommonlyusedanchorsforsustainabilityreporting

TCFDadoptionnearlydoubled

in2years,goingfrom

37%to61%

amongtheG250

49%

oftheG250acknowledgesocial

elementsasarisktotheirbusiness,withWesternEuropeastheleadingregion

71%

ofN100companiesidentifymaterialESGtopics

Fewerthanhalfof

G250companies

representationfor

haveleadershiplevel

sustainability

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ExecutiveSummary

GlobalTrends

ClimateRisk

Biodiversity

SDGs

ESG

Methodology

The2022surveyfindingsindicatefivemajortrendsinsustainabilityreporting:

1.Sustainabilityreportinggrowsincrementallywithmovementtowardstheuseofstandardsframedbystakeholdermaterialityassessments

Theratesofsustainabilityreportingamongtheworld’sleading250companiesareatanimpressive96percent.Reportingratesareexpectedtogrowterritoriesasnewregulationonnon-financialreportingisintroduced.

WhilethereisstillaneedforglobalconsistencyinESGreporting,existingstandardshaveincreasedinusage.TheGRIremainsthemostdominantstandardusedaroundtheworld,thoughsomeregionshaveaclearpreferenceforSASBorlocalstockexchangeguidelines.

Forthefirsttime,thesurveylookedathowmanycompaniescarryoutmaterialityassessments,findingthataroundthree-quartersacrossboththeN100andG250usematerialityassessments.

2.Increasedreportingonclimate-relatedrisksandcarbonreductiontargets,inlinewithTCFD

Thesurveyfoundthatnearlythree-quartersofcompaniesreporttheircarbontargets,although20percentdonotdiscloseanylinktoanexternaltarget(suchasa1.5˚Cscenario).

ThenumberofcompaniesreportingagainstTCFDhasnearlydoubled,leadingtomoreconsistentandcomparableclimatedisclosure.

3.Growingawarenessofbiodiversityrisk

2022isapivotalyearfornatureandbiodiversitywithinternationaleffortssteppinguptohaltbiodiversityloss.Despitegrowingawarenessofbiodiversitylossasacriticalissue,lessthanhalfofcompaniesrecognizethislossasarisktothebusiness.Onthepositiveside,mostsectorsnowacknowledgethisrisk,evenmanyofthosethatcanbeconsideredlowrisk.ThelaunchoftheTNFDandCSRDframeworksareexpectedtodriveupreportingintheimmediateyears.

4.UNSDGreportingprioritizes

quantityoverquality

ThemajorityofcompaniesreportonSDGs,with

10percentofcompaniesreportingagainstall17SDGs.ThreeSDGsremainthemostpopularforcompanies:8:DecentWorkandEconomicGrowth;12:ResponsibleConsumptionandProduction;and13:ClimateAction.

5.Climateriskreportingleads,followedbysocialandgovernancerisks

Since2017,therehasbeenamarkedimprovementinthenumberofcompaniesthatacknowledgeclimatechangeasarisktotheirbusiness.However,lessthanhalfofcompaniesreportonsocialandgovernanceriskstotheirbusiness.Ingeneral,thedescriptionof

theserisksareoverwhelminglynarrative-drivenand

donotquantifythefinancialimpactoftheseriskson

companiesoronsociety.

Sustainabilitycontinuestobecomeapriority

forcompanyleadershipbutthereisroomfor

improvement.Onlyone-thirdofcompaniesinthe

N100haveadedicatedmemberoftheirboardor

leadershipteamresponsibleforsustainabilitymatters.

Compensationconditionsrelatedtosustainability

outcomesforleadershipteamsareprevalentforonly

40percentofG250companies.

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ExecutiveSummary

GlobalTrends

ClimateRisk

Biodiversity

SDGs

ESG

Methodology

Researchsamples:G250andN100

Our2022reportisbasedondatafromtwodifferentresearchsamples:theG250andtheN100.

TheG250referstotheworld’s250largestcompaniesbyrevenuebasedonthe2021Fortune500ranking.Largeglobalcompaniestendtoleadinsustainabilityreportingandprovideausefulgaugeforbroadertrendsthatareeventuallyadoptedmorewidely.

TheN100referstoaworldwidesampleofthetop100companiesbyrevenuein58countries,territoriesandjurisdictionsresearchedinthisstudy.TheseN100statisticsprovideabroad-basedsnapshotofsustainabilityreporting.

Seepage73formoredetailsoftheseresearchsamplesandtheresearchmethodology.

TherepresentationofChinesecompaniesintheG250hasgrownfrom61companiesto74companies.

ChinanowrepresentsthelargestcontributortotheG250.

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ExecutiveSummary

GlobalTrends

ClimateRisk

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