PwC: investors don’t believe sustainability reports

By: Trademagazin Date: 2023. 12. 05. 10:48

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Although sustainability is an important consideration when making investment decisions, 94 percent of investors believe that corporate reports on sustainability performance contain unsubstantiated claims, according to PwC’s 2023 Global Investor Survey.

More than half of those surveyed (57 percent) would like to see greater transparency and consistency in sustainability reports.

While 87 percent in 2022, this year 94 percent of investors expressed serious concerns about the reliability of sustainability reports and the information contained in them – in other words, the so-called “greenwashing”. They believe that the reports contain unsubstantiated claims to some extent, but 15 percent of them actually think that such claims are “very high” in the reports.

Investors expect regulators and standard-setting bodies to create transparency and consistency in companies’ sustainability reports.