89% of Canadian organizations surveyed by KPMG express concerns about ESG fraud due to stakeholder pressure to meet sustainability targets.

89% of Canadian organizations surveyed by KPMG express concerns about ESG fraud, as stakeholder pressure to meet sustainability targets intensifies. ESG fraud occurs when a company exaggerates or distorts its environmental, social, and governance efforts or data. The majority of respondents are worried these pressures increase the risk of ESG fraud and that their organizations could inadvertently commit such fraud.