---
title: What is driving the growth in ESG Reporting? - UpThink Innovation Agency
description: What is driving growth in ESG and Sustainability Reporting? Beyond regulatory ESG reporting requirements, what voluntary ESG reporting frameworks are being used and why? How is stakeholder demand driving ESG reporting?
image: https://upthink.works/hubfs/Imported_Blog_Media/What-is-driving-the-growth-in-ESG-Reporting.jpg
---

[Skip to main content](https://upthink.works/thinking/what-is-driving-the-growth-in-esg-reporting#main)

[![upthink_logo](https://upthink.works/hs-fs/hubfs/upthink_logo.png?width=120&height=62&name=upthink_logo.png) ![upthink_logo](https://upthink.works/hs-fs/hubfs/upthink_logo.png?width=120&height=62&name=upthink_logo.png) ![upthink_logo](https://upthink.works/hs-fs/hubfs/upthink_logo.png?width=120&height=62&name=upthink_logo.png) ![upthink_logo](https://upthink.works/hs-fs/hubfs/upthink_logo.png?width=120&height=62&name=upthink_logo.png)](https://upthink.works)

- [home](https://upthink.works)
- Show submenu for services services 
  
    - [All Services](https://upthink.works/services)
    - [ESG Reporting](https://upthink.works/services/esg-reporting)
    - [ESG Board Governance](https://upthink.works/services/esg-board-governance)
    - [Sustainable Leadership](https://upthink.works/services/sustainable-leadership)
    - [Circular Business Strategies](https://upthink.works/services/circular-business-strategy)
    - [Funding Strategies](https://upthink.works/services/funding-strategies)
    - [Mobilise Teams](https://upthink.works/services/mobilise-teams)
- Show submenu for about about 
  
    - Show submenu for team team 
      
          - [Our Team](https://upthink.works/team)
          - [Mary Cronin](https://upthink.works/network/mary-cronin)
          - [Aoife Salizzo](https://upthink.works/network/aoife-salizzo)
          - [Kathryn Lynch](https://upthink.works/network/kathryn-lynch)
          - [Dr. Hilary Kenna](https://upthink.works/network/dr-hilary-kenna)
          - [Sean McNulty](https://upthink.works/network/sean-mcnulty)
    - [clients](https://upthink.works/clients)
- Show submenu for case studies case studies 
  
    - [Leadership for Sustainability](https://upthink.works/case-study/imi-leadership-sustainability-programme)
    - [EIT Manufacturing Circular Economy](https://upthink.works/case-studies/eit-manufacturing-circular-economy-master-programme)
    - [Biomethane Facility](https://upthink.works/case-study/feasibility-study-into-the-development-of-a-biomethane-facility)
    - [Pathways to the Circular Economy](https://upthink.works/case-studies/modos-pathways-to-the-circular-economy-webinar-series)
    - [Empowering Circular Economy Growth](https://upthink.works/case-study/empowering-circular-economy-growth-with-cuphat)
- [blog](https://upthink.works/thinking)
- [knowledge hub](https://upthink.works/resources)
- [events](https://upthink.works/events)

Open main navigation

Close main navigation

- [home](https://upthink.works)
- Show submenu for services services 
  
    - services
    - [All Services](https://upthink.works/services)
    - [ESG Reporting](https://upthink.works/services/esg-reporting)
    - [ESG Board Governance](https://upthink.works/services/esg-board-governance)
    - [Sustainable Leadership](https://upthink.works/services/sustainable-leadership)
    - [Circular Business Strategies](https://upthink.works/services/circular-business-strategy)
    - [Funding Strategies](https://upthink.works/services/funding-strategies)
    - [Mobilise Teams](https://upthink.works/services/mobilise-teams)
- Show submenu for about about 
  
    - about
    - Show submenu for team team 
      
          - team
          - [Our Team](https://upthink.works/team)
          - [Mary Cronin](https://upthink.works/network/mary-cronin)
          - [Aoife Salizzo](https://upthink.works/network/aoife-salizzo)
          - [Kathryn Lynch](https://upthink.works/network/kathryn-lynch)
          - [Dr. Hilary Kenna](https://upthink.works/network/dr-hilary-kenna)
          - [Sean McNulty](https://upthink.works/network/sean-mcnulty)
    - [clients](https://upthink.works/clients)
- Show submenu for case studies case studies 
  
    - case studies
    - [Leadership for Sustainability](https://upthink.works/case-study/imi-leadership-sustainability-programme)
    - [EIT Manufacturing Circular Economy](https://upthink.works/case-studies/eit-manufacturing-circular-economy-master-programme)
    - [Biomethane Facility](https://upthink.works/case-study/feasibility-study-into-the-development-of-a-biomethane-facility)
    - [Pathways to the Circular Economy](https://upthink.works/case-studies/modos-pathways-to-the-circular-economy-webinar-series)
    - [Empowering Circular Economy Growth](https://upthink.works/case-study/empowering-circular-economy-growth-with-cuphat)
- [blog](https://upthink.works/thinking)
- [knowledge hub](https://upthink.works/resources)
- [events](https://upthink.works/events)
- [connect](https://upthink.works/contact-us)

[connect](https://upthink.works/contact-us)

# What is driving the growth in ESG Reporting?

Published: April 03, 2023

ESG reporting is on a steep rise. Some of the driving factors include:

**Escalating impacts of Climate Change:** The consequences of climate change are undisputable, and the implications are vast. The 2022 Intergovernmental Panel on Climate Change (IPCC) report states that humans are “unequivocally” accountable for climate change, and without rapid action, the world’s 1.5 ºC target will slide beyond reach.

**Regulation:** The regulatory landscape around ESG reporting is evolving rapidly. The EU, which is seeking to become the ‘first climate-neutral continent’, is at the forefront of efforts to ensure that investors, financiers, and companies pursue more sustainable business practices. New EU regulations including the Corporate Sustainability Reporting Directive (CSRD) and EU Taxonomy have been introduced to improve transparency around ESG performance.

**Investor, Customer, Supply Chain, and Employee Demand:** Investors, customers, suppliers, and employees, are increasingly demanding transparency around sustainability performance. In response, many companies not yet required to disclose their environmental, social and governance performance by law, are choosing to do so using a variety of voluntary reporting frameworks.

**A post-pandemic focus on corporate responsibility:** Many view ESG as essential to mitigating societal inequalities that were exposed and exacerbated by Covid-19.

**Future-Proofing Strategy:** Asides from the external incentives to develop an ESG strategy and disclose sustainability performance, companies are increasingly recognising that an ESG analysis provides an essential underpinning to long-term strategy development. The work necessary to prepare a comprehensive Sustainability Report requires an organisation to identify the short, medium, and long-term impacts, risks, and opportunities associated with environmental, social and governance changes and find innovative ways to adapt. This process supports businesses in preparing themselves for the inevitable changes ahead. It is unsurprising that an increasing body of research shows a positive link between ESG performance and financial performance.

UpThink Innovation Agency offers our clients support and guidance in crafting innovative and achievable sustainability and ESG strategies, including strategies for sustainability and ESG reporting and circular economy design. We also provide briefing sessions for Boards and Leadership teams.  We would be delighted to talk to you and explore further how we can help.  Please contact [Mary Cronin.](mailto:mary.cronin@upthink.works?subject=Regulations)

###### Categories:

[ESG](https://upthink.works/thinking/tag/esg)

![Mary Cronin](https://upthink.works/hs-fs/hubfs/Profile%20Images/Mary%20Cronin_IMG_0227-BW.jpg?width=50&height=50&name=Mary%20Cronin_IMG_0227-BW.jpg)

Author: [Mary Cronin](https://upthink.works/thinking/author/mary-cronin)   
 April 3, 2023

 Mary is an innovation specialist, systems thinker and circular economy facilitator. As the founder of UpThink Innovation Agency, Mary works with SMEs and large organisations as a circular economy/climate change/ESG consultant.

[Follow me on my website](https://upthink.works) [Follow me on LinkedIn](https://www.linkedin.com/in/marycronin4/) [Follow me on Twitter](https://twitter.com/MarylCronin)

---

![upthink_logo](https://upthink.works/hs-fs/hubfs/upthink_logo.png?width=120&height=62&name=upthink_logo.png)

UpThink offers a network of innovation leaders from a range of backgrounds and industries, all driven with a passion for helping people unlock their potential and grow their future.

 

+353 12630535  
[hello@upthink.works](mailto:hello@upthink.works)

### **Services**

<https://upthink.works/services/circular-business-strategy>[ESG Reporting](https://upthink.works/services/esg-reporting)

[ESG Board Governance](https://upthink.works/services/esg-board-governance)

[Sustainable Leadership](https://upthink.works/services/sustainable-leadership)

[Circular Business Strategies](https://upthink.works/services/circular-business-strategy)

[Funding Strategies](https://upthink.works/services/funding-strategies)

[Mobilise Teams](https://upthink.works/services/mobilise-teams)

 

### **Useful Links**

[Contact Us](https://upthink.works/contact-us)

[Team](https://upthink.works/team)

[Knowledge Hub](https://upthink.works/resources)

[Blog](https://upthink.works/thinking)

[Events](https://upthink.works/events)[Cookie Policy](https://upthink.works/cookie-policy)

 Cookie Settings

- <https://www.linkedin.com/company/upthink-works/>
- <https://twitter.com/UpThinkWorks>

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Mary Cronin",
    "url" : "https://upthink.works/thinking/author/mary-cronin"
  },
  "dateModified" : "2023-10-10T13:52:21.660Z",
  "datePublished" : "2023-04-03T13:21:13.000Z",
  "headline" : "What is driving the growth in ESG Reporting? - UpThink Innovation Agency",
  "image" : [ "https://upthink.works/hubfs/Imported_Blog_Media/What-is-driving-the-growth-in-ESG-Reporting.jpg" ],
  "mainEntityOfPage" : {
    "@id" : "https://upthink.works/thinking/what-is-driving-the-growth-in-esg-reporting",
    "@type" : "WebPage"
  },
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "url" : "https://upthink.works/hubfs/Graphics/Branding/upthink_logo%20(1).png"
    },
    "name" : "UpThink"
  }
}
```