As part of the environmental, social and governance (ESG) agenda, sustainability reporting requirements are changing the business landscape. For insurance organisations, sustainability reporting has become commercially and strategically important and offers a number of potential benefits to those who can successfully integrate it into their operating model.
However, sustainability reporting presents some challenges. Whereas there are long-established processes and controls in place for financial reporting, the same is not the case for non-financial information.
In this report, KPMG professionals explain how insurers can drive a successful transition to embed sustainability reporting through the organisation. This requires non-financial reporting processes and metrics to be embedded within the operating model so that disclosures become a natural output of how the business functions, rather than an additional onerous effort.
