Explore the findings, drivers, and actions companies can take to manage these pressures.
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“We are in a period of discordant and highly sensitized public policy—as well as intense regulatory activity—affecting all industries. Compliance feels acute pressure to enhance—not only to be more effective and efficient—but to also meet increasing board and regulator expectations. Technology and data analytic investment to the Ethics & Compliance function is no longer a 'nice-to-have;' it’s a necessity to help mitigate, measure, and identify risk.”
The KPMG 2023 CCO Survey: Anticipating more scrutiny draws on the perspectives of 240 Chief Ethics & Compliance Officers (CCOs) representative of the largest companies operating in six industry sectors who provided insights into their current focus and two-year outlook on key areas of ethics and compliance including regulatory complexity, operational challenges, ethics and firm culture, sustainability/ESG and evolving technology. See highlights below and download the full point of view for details, key drivers, and actions leaders can take related to these key findings.
Sustainability/ESG compliance in development
About half of CCOs say they are in the process of implementing Sustainability/ESG compliance programs, though nearly as many say they are still in the planning and development stages. Key areas of focus include monitoring and testing, regulatory scanning, and policy management.
Maturation
Read the full report to learn more about these findings and steps companies can take to avoid design and implementation challenges in building out an ESG compliance program.
Want to see additional findings, drivers behind the data and actions to consider?
Read the full survey report including industry observations.
Request the PDF to explore how CCOs are advancing their ethics and compliance functions, operations, and analytics from responsive to proactive.
