Regulatory considerations and investor demand for transparency are increasingly important drivers behind Environmental, Social and Governance (ESG) disclosure and reporting frameworks, according to a report issued this week by The CRE Finance Council (CREFC) based on responses from its members.
The Securities and Exchange Commission continues efforts to mandate, for public companies, ESG disclosure frameworks as it aims to prevent potentially misleading ESG investment activity.
More than half (55%) report that they do not use the ESG disclosure frameworks promoted by policymakers, primarily the Task Force on Climate-Related Financial Disclosures (TCFD) among the 55 percent of respondents that have a framework in place.
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