非財務數據欠缺支撐力，CFO擔憂永續報告成信任危機

隨著企業永續性聲明的廣泛普及，關於這些聲明的可信度擔憂也日益增加。根據安永（EY）於2024年發布的全球企業報告調查，55%的財務長（CFO）警告，若行業內的永續報告無法經得起驗證，可能會被視為「漂綠」行為，即誇大或虛構其永續性成就，以迎合市場對環保的需求。

As corporate sustainability claims become more widespread, so do concerns about the credibility of these claims. According to a global corporate reporting survey released by Ernst & Young (EY) in 2024, 55% of chief financial officers (CFOs) warned that if sustainability reports in the industry cannot stand verification, they may be regarded as "greenwashing", that is, exaggerating or fabricating their sustainability achievements to cater to the market's demand for environmental protection.

這種顧慮主要源於缺乏充分的審慎調查和未經核實的披露，最終恐將損害公司與利益相關者之間的信任基礎，並增加公司面臨公眾批評和法律風險的可能性。

公司達成永續目標的能力受質疑

This concern mainly stems from the lack of adequate due diligence and unverified disclosures, which may ultimately damage the basis of trust between the company and its stakeholders and increase the possibility that the company faces public criticism and legal risks.

The company’s ability to achieve its sustainability goals is being questioned

此次調查訪問了來自全球的超過2,000位財務領導人和815位機構投資者，結果顯示企業在達成永續目標的能力上引發廣泛質疑。具體而言，47%的財務領導人和53%的投資者對於這些目標的現實性抱有疑慮，並指出許多公司披露的數據品質不高，無法展現有效的氣候行動。這種質疑反映出越來越多的投資者擔心，企業在達成其氣候和永續承諾方面，是否真的有具體的措施支持。

The survey interviewed more than 2,000 financial leaders and 815 institutional investors from around the world. The results showed that companies have raised widespread doubts about their ability to achieve sustainability goals. Specifically, 47% of financial leaders and 53% of investors have doubts about the reality of these goals, noting that the data disclosed by many companies is of low quality and fails to demonstrate effective climate action. The skepticism reflects growing concerns among investors about whether companies have concrete steps to back up their climate and sustainability commitments.

非財務數據不足以支持決策，數據格式和一致性成為挑戰

數據的完整性和一致性問題顯著影響了企業的決策支持能力。驚人的是，96%的財務領導人表示，他們對其組織的非財務數據是否能真正支持決策感到擔憂，並指出數據格式問題（39%）和數據不一致（35%）為主要挑戰。這種不一致性使得財務長難以充分了解公司在永續性目標上的進展，增加了決策的複雜性，並加劇了投資者對其透明度和可信度的質疑。

達成永續目標的挑戰加大，投資者對非財務價值關注提升

根據調查結果，半數的財務領導人擔心，組織在未來幾年將無法達成其承諾的關鍵永續目標。而只有47%的財務領導人和53%的投資者相信大多數公司能夠達成其既定目標。投資者對於企業非財務價值驅動因素的關注日益增加，69%的財務領導人注意到，與兩年前相比，投資者對這些問題的詢問次數顯著增多，這表明在永續性和氣候行動方面，投資者的需求已逐漸超越傳統財務表現的範疇。

Non-financial data is insufficient to support decision-making, and data format and consistency become challenges

Data integrity and consistency issues significantly affect an enterprise's decision support capabilities. A staggering 96% of finance leaders say they are concerned about whether their organization’s non-financial data can truly support decision-making, citing data format issues (39%) and data inconsistencies (35%) as key challenges. This inconsistency makes it difficult for CFOs to fully understand the company’s progress on sustainability goals, increases the complexity of decision-making, and exacerbates investor doubts about its transparency and trustworthiness.

The challenge of achieving sustainability goals increases, and investors pay more attention to non-financial value

According to survey results, half of finance leaders are concerned that their organizations will fail to meet key sustainability goals they have committed to in the coming years. And only 47% of financial leaders and 53% of investors believe that most companies can achieve their stated goals. Investors are increasingly paying attention to the non-financial value drivers of their companies, with 69% of finance leaders noting that investors are asking about these questions significantly more than two years ago, indicating that investor needs are gradually moving beyond traditional financial performance when it comes to sustainability and climate action.

可驗證的報告需求提升，對漂綠行為的風險提高了訴訟可能性

Increased need for verifiable reporting, risk of greenwashing increases likelihood of litigation

隨著市場對永續性透明度要求的提升，「漂綠」的風險也使企業面臨訴訟的威脅。如果企業被發現誇大或虛構其永續性成就，可能會引發來自利益相關者的法律行動。報告中指出：「儘管許多披露無疑是基於善意進行的，但財務領導人清楚地表達出對於這些披露的審慎調查是否到位的疑慮。」這反映出CFO們對於現行的永續性報告體系缺乏信心，並擔心可能帶來的風險。

As the market's requirements for sustainability transparency increase, the risk of "greenwashing" also exposes companies to the threat of lawsuits. If a company is found to have exaggerated or fabricated its sustainability achievements, this could trigger legal action from stakeholders. The report states: “While many disclosures are undoubtedly made in good faith, finance leaders have clearly expressed concerns about whether due diligence on these disclosures is in place.” This reflects CFOs’ lack of confidence in the current sustainability reporting system and concerns about the risks it may pose.

永續性報告體系的重整需求

Need for restructuring of sustainability reporting system

為了應對這些挑戰，CFO們需要重新調整其非財務報告方式，以確保其永續努力是透明的、可驗證的，並且與財務決策保持一致。這意味著企業必須加強其數據治理，以提高非財務數據的可靠性和一致性，同時避免因資料品質問題導致投資者誤判風險或機會。隨著監管機構的監控加強和市場對永續性的要求提高，能夠提供清晰、可驗證報告的公司將在未來的競爭中獲得優勢。

To address these challenges, CFOs need to recalibrate their non-financial reporting to ensure their sustainability efforts are transparent, verifiable, and aligned with financial decisions. This means that companies must strengthen their data governance to improve the reliability and consistency of non-financial data, while avoiding data quality issues that cause investors to misjudge risks or opportunities. As regulatory oversight intensifies and market demands for sustainability increase, companies that can provide clear, verifiable reporting will gain a competitive edge in the future.