12024 Office of Finance Outlook: Environmental Impact ReportingExamining the Growing Significance of Lease Controls as Compliance Standards Evolve2024 Office of Finance Outlook: Environmental Impact Reporting2Table of ContentsExecutive Summary 32023 Environmental Impact Reporting Analysis 5Common Environmental Impact Reporting Challenges & How to Overcome Them 7The Evolution of the Office of Finance 9Conclusion: Selecting the Right Fintech Platform to Support Environmental Impact Reporting Needs in 2024 112024 Office of Finance Outlook: Environmental Impact Reporting2024 Office of Finance Outlook: Environmental Impact Reporting3Executive SummaryThroughout 2023, interest in Environmental, Social and Governance (ESG) reporting and goal setting surged, transcending industry boundaries and reshaping corporate landscapes as organizations increasingly prioritized sustainability and responsible business practices.Multiple factors are driving this transformation in global enterprise businesses:As the pressure to establish and expand ESG programs to prepare for emerging regulatory requirements mounts, organizations are already anticipating criticism – in fact, The Conference Board found that a majority of companies are concerned about backlash spreading among employees, investors, business partners, consumers and the media over the next two years.Thankfully, various regulatory bodies are committed to introducing standardization to the reporting process. In June 2023, the International Sustainability Standards Board (ISSB) introduced the first-ever global sustainability disclosure standards. Just a few months later, California Governor Newsom signed the California Climate Accountability Package, comprised of two bills, Senate Bill 253 (SB 253) and Senate...
