• The latest findings from KPMG reveal that sustainability reporting has grown steadily, with 79 percent of leading companies providing sustainability reports
• There has been marked improvement in companies reporting carbon reduction targets, but action remains too slow in key related areas, with less than half of companies currently recognizing biodiversity loss as a risk
  
• Among the thousands of reports analysed, less than half of the world’s largest companies are providing reporting on ‘social’ and ‘governance’ components of ESG
• KPMG outlines a series of recommendations, including companies shifting from a narrative-driven approach and making better use of data to drive change and provide evidence of action
• From recent local data and discussions with our community, Maltese companies appear to be lagging the global trend presented in this survey, although there are promising developments, including reporting by 17 companies under the Malta ESG Platform. Transparent ESG reporting and action will be crucial if Maltese companies are to remain relevant to international business and align with the broader values of Malta’s residents. 

Read more in KPMG here.