Media Contact:
Julia Hanbury
Senior Communications Manager, Diligent
+1 (604) 669-4225
Jhanbury@diligent.com
A new report produced by Insightia, a Diligent brand, reveals that Europe leads the world in Environmental and Social scores, with the U.S. leading in Governance
(BUSINESS WIRE)--U.S. organizations are proactively preparing for Scope 3 reporting, with 63% of the 500 largest U.S. public companies voluntarily reporting on Scope 3 emissions, according to a new report from Diligent, a leading GRC SaaS company. The ESG 2023 report produced by Insightia (a Diligent brand) in association with Vinson & Elkins, highlights how issuers are being held accountable for emissions reporting on a global scale, with regulators, standard setters and investors alike calling for mandatory Scope 3 reporting.
The sustained pressure to enhance climate disclosures underscores the need for clear and consistent insights into climate performance, as well as the ability to benchmark ESG data against industry peers to optimize shareholder engagement.
“Regulatory developments are set to revolutionize how companies globally are held accountable for their ESG policies and practices,” said Josh Black, editor-in-chief at Diligent. “With a myriad of new requirements to juggle, it’s increasingly important for leaders to be proactive in addressing ESG-related risks and opportunities. This is especially true for those in high-risk sectors such as energy and utilities.”
The report, which is powered by Insightia’s newly launched ESG module in partnership with Clarity AI, reveals that Europe leads the world in Environmental and Social scores with average scores of 55 and 47, respectively. Meanwhile, the U.S. leads in Governance, with an average score of 70.
Other top findings include:
Scope 3 reporting goes global:
Pressure mounts on issuers to enhance ESG disclosure:
ESG activism out of favor with hedge funds:
To download the full report click here.
About the report
Data from Insightia’s Activism, Voting, ESG, and Governance modules, as well as Diligent’s Compensation and Governance Intel (CGI) and Manzama solutions, run from January 1 to December 31, 2022. 2023 data is as of May 31, 2023. Further data is available on request.
About Diligent
Diligent is a leading GRC SaaS company that gives organizations the tools and solutions they need to bring clarity to complex risk, elevate impactful insights and get ahead of a world that is constantly changing. With solutions across governance, risk, compliance, audit and ESG, Diligent empowers more than 1 million users and 700,000 board members and leaders to make better decisions, faster. No matter the challenge. Learn more at diligent.com.
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About Insightia
Insightia, a Diligent brand since January 2022, is a leading SaaS provider of expert insights and intelligent analytics with a focus on shareholder activism, proxy voting and corporate governance. Through its web application, Insightia One, clients can access the most complete solution for listed company intelligence on the market, with broader and deeper insights than ever before.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230627711559/en/
Media Contact:
Julia Hanbury
Senior Communications Manager, Diligent
+1 (604) 669-4225
Jhanbury@diligent.com