In ESG Today, Baker Tilly’s Patricia Wellmeyer and Joe Donnelly discuss important aspects of the Securities and Exchange Commission’s (SEC) recent high-profile enforcement actions and its expanding, proactive pursuit of ESG-related reporting misconduct. Companies must take three key steps now to provide accurate statements in ESG-related disclosures and to establish a more sustainable ESG strategy and control framework.
In addition to regulatory pressures, there are a variety of stakeholders advocating for accurate and consistent sustainability reporting. Organizations that are not taking a proactive approach face regulatory, reputational and financial risks. It can be a tricky landscape, but forward-thinking leaders are integrating their ESG strategy with the overall business strategy to better prepare for ESG reporting requirements.