The heightened global focus on environmental, social and governance (ESG) programs is changing the way the Office of Finance operates. They now need to adapt and leverage lease portfolios to both meet regulatory requirements and achieve more strategic financial and operational outcomes.
In this report, industry experts from VL and other organizations such as BioRad, Penn State Health, Indeed, MISTRAS and Compass will share:
- Anticipated challenges associated with environmental reporting and strategies to mitigate them
- The advantages strong lease management practices can have with respect to environmental impact reporting in 2024 and beyond
- How finance leaders play a pivotal role in guiding organizations through this transformative period
Select Findings
70% of surveyed senior finance executives say that their organizations are not fully prepared to track and measure the environmental impact of their leased and owned asset portfolios in order to comply with new and emerging standards
99% of surveyed senior finance executives have concerns with maintaining control over their organization’s lease portfolio, including apprehension about data accuracy and completeness (48%), sustaining lease accounting compliance (44%) and compliance with ESG requirements and policies (44%)
84% of enterprise organizations are making lease management a priority due to the lease accounting standards and emerging regulatory requirements around environmental impact reporting