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illuminem summarizes for you the essential news of the day. Read the full piece on Trellis or enjoy below:
🗞️ Driving the news: New ESG (Environmental, Social, and Governance) disclosure regulations, such as the EU’s Corporate Sustainability Reporting Directive and the SEC’s climate disclosure rule, are pushing companies worldwide to create the role of ESG controller
• This position is responsible for ensuring accurate ESG disclosures that comply with emerging mandatory reporting requirements and third-party assurance standards
🔭 The context: ESG controllers must navigate complex regulations and reporting frameworks, much like financial controllers manage compliance with financial reporting standards like Sarbanes-Oxley (SOX)
• With regulations like CSRD requiring limited assurance from 2025-2027 and reasonable assurance by 2028, companies seek professionals with experience in audit processes, especially from the Big 4 firms
🌍 Why it matters for the planet: Accurate ESG disclosures are critical for investors, regulators, and stakeholders who demand transparency in corporate sustainability efforts
• ESG controllers play a key role in ensuring companies meet rigorous reporting standards, helping to hold businesses accountable for their environmental and social impact
⏭️ What's next: The demand for ESG controllers is growing across all industries, including tech, finance, and industrial sectors, as companies increasingly face mandatory ESG reporting
• Firms like Adobe, Gap, and Medline are actively hiring for these roles
💬 One quote: “Companies are looking for candidates with audit experience, knowledge of ESG frameworks, and a certified public accountant (CPA) license"
📈 One stat: Regulations like CSRD will require companies to obtain limited assurance of ESG disclosures by 2025 and reasonable assurance by 2028
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