“Verifying ESG information for internationally diversified companies with large and dispersed supply chains would be extremely costly, if not impossible, because companies might not have ready access to the ESG information they are expected to report, particularly as the requisite information resides outside their legal jurisdictions.”

[COMMENTARY] The authors have a strong argument. However, ESG standardized reporting frameworks are moving ahead. We’ll have to see how they work in practice!
The Impracticality of Standardizing ESG Reporting (ESG: Myths and Realities) by Elmira Aliakbari and Steven Globerman, April 21, 2023, Fraser Institute, Canada.