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The biggest challenges related to ESG reporting are in data collection. Because the reporting scope is so broad, it’s common for the data to be housed in isolated data silos, making it hard to aggregate all the necessary information. The latest directives also enforce digital tagging of data to make it machine readable, something that necessitates specific software with iXBRL tagging functionality.

The biggest challenges related to ESG reporting are in data collection. Because the reporting scope is so broad, it’s common for the data to be housed in isolated data silos, making it hard to aggregate all the necessary information. The latest directives also enforce digital tagging of data to make it machine readable, something that necessitates specific software with iXBRL tagging functionality.

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