Nearly three-quarters of investors unsatisfied with quality of ESG reporting

Law firm EY research has revealed that about 73% of investors say that companies largely fail to create enhanced reports encompassing environmental, social and governance (ESG) and financial disclosures, while 99% of investors use ESG disclosures in their investment decisions. Speaking at the Chartered Institute of Logistics and Transport’s ESG conference, in Johannesburg, on July 25, EY Africa Climate Change and Sustainability Service leader Clemence McNulty said 76% of investors are concerned that companies were being highly selective in terms of what information they put out, which raises fears of greenwashing.