ESG Reporting Impact on Accounting, Finance

The terms ESG (Environmental, Social, and Governance), sustainability, corporate social responsibility (CSR) reporting are used interchangeably in industry practice. E (environmental), S (social), G (governance) encompasses qualitative discussions quantitative metrics, including the company's performance measures against risks, opportunities, related strategies. Companies have turned to meet information needs of their stakeholders be transparent about commitments risk management. issues growing importance companies, investors, other stakeholders. Users companies’ reports seek transparency initiatives addition accurate reliable reporting. This paper reviews current state a few examples global reporting, suggests an implementation model discusses role financial professionals adopting enhancing stakeholder value.