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Laxman Pai, Opalesque Asia:

Investors largely believe corporate reporting contains unsupported claims about a company's sustainability performance.

Three quarters (78%) of the investors in a survey said 'unsupported claims' were present to a moderate, large, or very large extent, rising to 87% including those who said they were present to a limited extent. Just 2% said corporate reporting does not contain unsupported claims about sustainability performance.

The PwC's 2022 Global Investor Survey said that information from ESG rating agencies is not filling the trust gap, with just 22% of investors surveyed saying they use them to a large or very large extent.

However, investors see addressing climate change as commercially advantageous. Two-thirds (64%) say their focus on ESG investing is out of a desire to increase investment returns, and 68% said protecting investment returns was also a motivator. Overwhelmingly, 82% say it is a response to the demands of their clients.

This pattern reflects a growing awareness of climate change as a potential material risk to the business. One in five (22%) believe companies will be highly or extremely exposed to climate risk in just the next 12 months, and the number reaches 37% over a five-year time horizon, matching concern about geopolitical conflict (also 37%). Over a ten-year horizon, the energy transition (50%) almost ties with technology change (53%) as the trend most likely to have a large or very large impact on pr......................

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