Why Fewer Companies Are Publishing Sustainability Reports in 2025
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Sustainability Disclosure Practices

Why Fewer Companies Are Publishing Sustainability Reports in 2025

09 July 2025 / Quick Take

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Issuing an annual sustainability report has become a mainstream corporate practice—enabling companies to communicate their environmental, social & governance (ESG) performance, goals, and risks to stakeholders. However, the first six months of 2025 saw a notable decline in voluntary sustainability report filings by US public companies.

Issuing an annual sustainability report has become a mainstream corporate practice—enabling companies to communicate their environmental, social & governance (ESG) performance, goals, and risks to stakeholders. However, the first six months of 2025 saw a notable decline in voluntary sustainability report filings by US public companies.

Trusted Insights for What’s Ahead®

  • Between January 1 and June 30, only 432 Russell 3000 companies filed a sustainability report, compared to 831 during the same period in 2024. This drop-off reflects not a retreat from ESG, but a strategic recalibration in response to shifting regulatory, political, and investor dynamics.
  • Many firms are delaying voluntary reports as they prepare for mandatory ESG disclosures under the EU’s Corporate Sustainability Reporting Directive (CSRD) and California’s climate laws (SB 253 and

Author

Andrew Jones, PhD

Andrew Jones, PhD Andrew Jones, PhD

Principal Researcher, Governance & Sustainability …
The Conference Board

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