According to KPMG’s CEO survey, 72% of Consumer and Retail bosses say their stakeholders want greater visibility of their ESG efforts.
For leaders, ESG is first and foremost a data issue. That can be problematic for consumer organisations, which are typically awash with data
Their heavy transaction flows, and the sheer number of returns they handle, generate vast amounts of information.
Accurately capturing, processing and mining that quantity of data for ESG purposes is a big task. But not getting it right will lead to shortcomings on three crucial fronts.
These are the three pillars of ESG from a tax perspective – or what the KPMG might call the ‘three Rs’:
- Risk
- Reward
- Reporting
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