According to the study, 46% of companies said their business was connected with sustainable development goals, compared to 18% with similar claims in 2017 and 2018.
It also showed that the number of companies required to submit non-financial reports had increased from 67 in 2017, to 76 in 2020, with the number of voluntarily published non-financial reports increasing by 23%.
In 2019/2020, there was also a considerable increase in descriptions of companies’ business models, with 67% of the analysed reports including elements of ESG (Environmental, Social and Governance) in their business model, up from 33% in 2017/2018.
Additionally, 34% of enterprises recognised and analysed their exposure to basic environmental, social and governance risks that might adversely affect their business, while 47% included ESG in dialogue conducted with key stakeholders.
It is expected that companies will be increasingly focusing on environmental, social and governance goals and defining material topics for the purposes of non-financial reporting.
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