5 Main Challenges In Sustainability Reporting

More companies are encountering the same obstacles when it comes to reporting sustainability data. Especially when more and more regulations are being put in place, such as the EU taxonomy or earlier the EU Non-Financial Reporting Directive (NFRD). And let us not forget the increasing information needed for ESG (Environmental, Social & Governance) data for investors.

The 5 main challenges businesses face with sustainability reporting are:

1. Data collection
2. Time
3. Keeping up to date with regulatory changes
4. Gaining insight into data
5. Verifying collected data