Executives Remain Committed to Integrating Financial and Sustainability Data, Citing Strong Benefits Despite Policy Uncertainty, New Workiva Study Finds
Executives Remain Committed to Integrating Financial and Sustainability Data, Citing Strong Benefits Despite Policy Uncertainty, New Workiva Study Finds
Article content
NEW YORK — Companies that integrate financial and sustainability data are gaining a competitive edge. According to Workiva Inc.’s (NYSE: WK) 2025 Executive Benchmark Survey of 1,600 global leaders, 97% of executives say sustainability reporting will be a business advantage within two years, and 96% of investors agree it strengthens financial performance.
Article content
Despite policy uncertainty, leaders are not changing course. Over 10,000 companies and institutions (a 29% year-over-year increase) have set science-based decarbonization targets or committed to doing so, while 24 U.S. States and over 190 countries remain aligned with the Paris Climate Agreement, signaling that long-term commitments are holding firm.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world’s leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world’s leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Executives see integrated reporting as essential for resilience and growth. “CEOs are making choices today that will shape their business for years to come,” said Julie Iskow, CEO of Workiva. “Assured financial and sustainability reporting is not simply a compliance play, it’s a strategic approach to mitigate risk, fuel performance, and strengthen investor confidence.”
Investors are responding. “The market has spoken and forward-thinking companies aren’t waiting – they’re taking action and committing to science-based targets and stronger disclosures,” said Tensie Whelan, Distinguished Professor of Practice for Business and Society and Founding Director of the NYU Stern Center for Sustainable Business. “They understand that sustainability and integrated reporting isn’t just about risk management, it’s a competitive advantage that attracts capital and drives long-term success.”
Key Findings:
- 97% of executives say integrated financial and sustainability data helps identify performance gaps that enhance financial growth opportunities.
- 85% will move forward with climate disclosures, regardless of political shifts.
- 92% of investors rank data accuracy as a foundational requirement to effectively evaluate organizations, yet nearly a quarter of executives do not fully trust their financial data.
- 93% of institutional investors are more likely to invest in companies with integrated financial and non-financial reporting.
Executive Perspectives:
The business case for integrated data and reporting is stronger than ever. “By making our operations more sustainable, we’re able to increase efficiencies that impact our bottom line. It’s a direct cause-and-effect relationship,” said Allyson Anderson Book, CSO at Baker Hughes. “As we continue to enhance our sustainability efforts and move forward with climate disclosures and sustainability reporting, we believe our investor-grade integrated ESG data and reporting demonstrates our long-term, transparent approach to our investors.”
European leaders see regulatory shifts as an opportunity: “The CSRD is a game changer that empowers us to manage and report on our sustainability ambitions and results on a new level. The double materiality assessment where financial and impact materiality is combined has been a great support for us in the quest of identifying key risks and opportunities that drive long-term value creation. When CFO and CSO teams align around these material topics and metrics, we make better decisions and drive stronger performance,” said Ida Bohman Steenberg, Chief Sustainability Officer of Tietoevry.
Article content
CEMEX Chief Financial Officer Maher Al-Haffar echoed the sentiment: “Other Chief Financial Officers and Chief Executive Officers that I talk to believe that sustainability is something that we cannot ignore. Sustainability is incredibly important because it contributes to the profitability of the business. As a CFO, I’m trying to get my hands around how to provide data for investors so that they can quantify it and model it.”
The survey results and recent actions by global leaders demonstrate that despite market complexities, executive commitment to assured integrated reporting continues to accelerate, driven by clear evidence of its strategic and financial value.
More Information
Read Workiva’s 2025 Executive Benchmark Survey here. For additional insights, join Workiva and Deloitte for a webinar on March 26, 2025. Click here to register.
About Workiva
Workiva Inc. (NYSE: WK) is on a mission to power transparent reporting for a better world. We build and deliver the world’s leading cloud platform for assured integrated reporting to meet stakeholder demands for action, transparency, and disclosure of financial and non-financial data. Workiva offers the only unified SaaS platform that brings customers’ financial, sustainability, and Governance, Risk, and Compliance (GRC) data and reporting together in a controlled, secure, audit-ready platform. Our platform simplifies the most complex reporting and disclosure challenges by streamlining processes, connecting data and teams, and ensuring consistency. Learn more at workiva.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250212682971/en/
Contacts
Media Contact
press@workiva.com
#distro
Share this article in your social network
February 12, 2025 at 02:18PM
https://ift.tt/Ms5AaZl
Business Wire