2024 Reporting: Key insights and next steps

Overview of reporting statistics

In total, 3,050 signatories submitted their reports, representing 65% of the 4,668 investment managers and asset owners eligible to report. Among them, 1,423 reports were from mandatory reporters, while 1,627 chose to report voluntarily.

This year’s submission rate compares to 78% last year, reflecting our decision to take a more flexible approach to reporting in 2024. Reporting was voluntary for signatories to report if they had done so publicly in 2023 and had met the minimum requirements, while it remained voluntary for signatories in their grace period.

Enhancements in signatory support

This year’s reporting process benefited from several key improvements. We:

• introduced a new prefilling feature in the reporting tool, which streamlined the reporting experience for users;
• made minimal changes to the assessment methodology and most indicators compared to the previous year to provide signatories with the stability they told us they valued; and
• made several technical improvements to the reporting platform and tool, such as making the relevant guidance more visible and enhancing the server performance.

These improvements contributed to a notable 36% reduction in the average time spent in the tool per user, decreasing from 104 minutes last year to just 67 minutes this year.

Looking ahead: reporting outputs and beyond

Work is ongoing to prepare signatories’ reporting outputs, and we can confirm that Transparency and Assessment reports will be released in late November.

We are also looking ahead to 2025, when reporting will focus on establishing a stable baseline to support the transition towards streamlined mandatory reporting and the implementation of the Progression Pathways model. Our approach will aim to accommodate the diverse needs, practices, and market requirements of our wide signatory base.

For further details, please refer to this R&A Update on the 2025 reporting.