The recently released report shows strong gains in reporting but also barriers to consistent information and a lack of international standards. The survey results are the latest available in the report by the International Federation of Accountants, American Institute of CPAs and Chartered Institute of Management Accountants. .

The figures for 2021 are up from 91 percent in 2019. Moreover, 64 percent of companies obtained assurance over at least some ESG information in 2021, an increase from 51 percent two years prior to that. The lack of standards was strongly cited by the sponsors.

“Eighty-six percent of companies use multiple standards and frameworks,” IFAC CEO Kevin Dancey said in a prepared statement. “This patchwork system does not support consistent, comparable, and reliable reporting. Importantly, it also does not provide the necessary foundation for globally consistent, high-quality sustainability assurance.”