74% plan to invest in sustainability reporting technology

Here’s the intro from this “ESG Today” article:

Approximately three quarters of public companies report that they are likely to invest in new technology or tools to help improve their ESG disclosure capabilities over the next year, as nearly all companies are preparing to meet increased reporting requirements, yet data quality remains the top ESG challenge, according to a new survey released by global professional services company Deloitte.

The report found that virtually all – 99% – of companies are preparing for increasing disclosure requirements, following the release of a series of new regulatory sustainability reporting mandates and standards, including the EU’s CSRD, the IFRS’s ISSB standards, California’s new climate reporting laws, and the SEC’s climate disclosure rule.