Corporate Reporting is Broadening its Scope

Companies have been trying to cope with the COVID-19 pandemic while also generating sustainable, long-term value for multiple stakeholders — shareholders, employees, customers, communities and other parties. The demand has been growing for a focus not only on financial outcomes but also on environmental and social impacts.

EY has released a report in which they recommend: 

  • Finance leaders should look beyond the COVID-19 pandemic to a world where performance is defined by environmental and social factors, and financial outcomes.
  • By rethinking reporting’s relevance, finance leaders can go beyond financial reporting to provide the long-term value insight that stakeholders want.
  • Finance leaders should challenge how finance can adapt to meet the increasing demands for reporting, from trusted AI to more fluid operating models.

For the report, click here:

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