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Investors look out for non-financial data in company reports: EY Survey

Several global CFO’s EY polled also articulated the need for a ‘change of culture’ in their finance teams especially regarding the team’s approach to matters concerning transparency and a greater willingness to question boards and management on the quality of disclosures.

, ET Bureau|
Dec 11, 2019, 08.42 PM IST
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The survey classified non-financial data as that concerning aspects of an organizations approach towards environmental, social, employee and ethics-related issues.
New Delhi: A survey of 1,000 CFO's across the globe by advisory firm EY has found that investors are now increasingly looking out for non-financial data in company’s reports.

The survey which also polled CFO's of 40 companies in India noted that 32 of those CFO’s also concurred that non-financial data was increasingly becoming important for investors when they analyse companies.

The survey classified non-financial data as that concerning aspects of an organizations approach towards environmental, social, employee and ethics-related issues.

Several global CFO’s EY polled also articulated the need for a ‘change of culture’ in their finance teams especially regarding the team’s approach to matters concerning transparency and a greater willingness to question boards and management on the quality of disclosures.

The survey noted that getting insights into an organizations culture was becoming essential for investment decisions and that finance teams had to gear up to provide those insights in the quality of reports that they put together.

“Driving culture transformation in finance is imperative to presenting a forward-looking corporate reporting based on a wider balance between financial and nonfinancial information”, said Sandip Khetan, EY’s national leader for financial accounting advisory services in India.

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