Complying with new supply chain regulation will require finance, time and additional resources but the change will create visible business value. Seventy per cent of respondents in a recent Workiva survey said their organization's ESG reporting has already reduced long-term risk (71 per cent), generated cost savings (71 per cent) and positive impact across customer retention and recruitment (72 per cent). The majority also said that ESG reporting had improved employee morale (71 per cent), employee recruitment (69 per cent) and investor and stakeholder relationships (70 per cent). "While challenges around communicating ESG corporate value still exist, the findings show clear positive outcomes for businesses that prioritise ESG reporting," says Julie Iskow, CEO at Workiva.