The No. 1 ESG challenge organizations face: data
The foundations of a strong ESG program are built on data. Data-rich organizations operate more efficiently, more decisively and with greater foresight than their peers — and this is particularly true in a complex, evolving area like ESG. An organization that is able to fully integrate ESG into corporate strategy, with a symbiotic relationship between day-to-day business and ESG goals, will find itself in a much stronger position than its peers.
Reporting, ultimately, should be a by-product of an ESG program where real-time data is integrated into decision making on a continuous, ongoing basis. The alternative – reporting either annually or biannually, attempting to amalgamate data from a variety of disparate sources in a short time period – is much more difficult, and much more susceptible to error and risk. Read more
What Does The Future Hold For ESG Reporting?
The desire from investors for ESG and climate risk-related disclosures has resonated with the U.S. Securities and Exchange Commission (SEC). In April 2021, the SEC’s Division of Examinations (Division) issued a “Risk Alert”highlighting staff observations from examinations of investment advisors, registered investment companies, and private funds engaged in ESG investing Read more
Saudi Exchange Issues ESG Disclosure Guidelines for Listed Companies
The ESG disclosure guidelines launch coincides with a growing global focus on ESG. Capital markets have an important role to play in promoting sustainability and Saudi Exchange is committed to advancing the Saudi capital market, in line with Vision 2030.
Mohammed Al-Rumaih, CEO of Saudi Exchange, commented: “With the launch of the ESG disclosure guidelines, Saudi Exchange has reaffirmed its commitment to helping issuers of all sizes integrate ESG into their investor reporting and communications. Sustainable investment practices play a significant role across global markets and we have a responsibility to highlight the importance of ESG and the opportunities ESG presents for all our market participants and stakeholders. Read more
Moody’s ESG Solutions’ Climate on Demand tool selected by the Private Infrastructure Development Group
We need to ensure that new infrastructure is resilient to the changing climate, especially in the most vulnerable countries,” said Marco Serena, Head of Sustainable Development Impact at PIDG. “Using Moody’s data, we look forward to working with project sponsors and investee companies to understand more about the hazards that investments may be exposed to during their lifetime, and to support increased resilience to the impacts of climate change – not just on the assets themselves but also on the communities that use the infrastructure. Read more