An independent think tank that conducts and disseminates research on ESG and finance

CDSB publishes Center for ESG Research’ TCFD short guide on how to make investor useful scenarios

This guide proposes a two-stage process to create key outputs from scenario analysis to be disclosed within mainstream reports that help investors in comparing and aggregating company data to portfolio-level data. Since the launch of the Task Force on Climate-Related Financial Disclosures’ (TCFD) recommendations in June 20171, there has been much debate about how companies [...]

By | December 6th, 2018|New research|0 Comments

University of Oxford: Should FASB and IASB be responsible for setting standards for nonfinancial information?

The goal of this ‘Green Paper’ is to contribute, in a neutral way, to a conversation that has been going on for some time amongst a variety of actors, concerning whether mandatory reporting standards are a prerequisite for effective ‘sustainability’ or ‘nonfinancial’ corporate reporting. Specifically, we ask whether the existing standard-setting regime for financial reporting [...]

By | December 3rd, 2018|New research|0 Comments

S&P 500 – State of sustainability & Integrated Reporting 2018

Sustainability reporting for large public companies around the world has become the norm.  Si2’s research this year (2018) found that 78 percent of the S&P 500 issued a sustainability report for the most recent reporting period, most with environmental and social performance metrics.  The rate of sustainability reporting for the world’s largest companies is even [...]

By | December 3rd, 2018|New research|0 Comments

WBCSD: Enhancing the credibility of non-financial information

World Business Council for Sustainable Development (WBCSD) and PwC have released a new report focused on what investors need in order to make decisions that consider non-financial information – that is, information outside of financial statements including environmental, social and governance (ESG) metrics. The report, titled “Enhancing the credibility of non-financial information,” highlights that investors [...]

By | November 6th, 2018|New research|0 Comments

Harvard: The Price of Corporate Sustainability

Combining corporate sustainability performance scores based on environmental, social and governance (ESG) data with big data measuring public sentiment about a company’s sustainability performance, I find that the valuation premium paid for companies with strong sustainability performance has increased over time and that the premium is increasing as a function of positive public sentiment momentum. [...]

By | November 6th, 2018|New research|0 Comments

UNCTAD: Guidance on Core indicators for entity reporting on the contribution towards the attainment of the Sustainable Development Goals

The objective of this Guidance is to provide practical information on how the core indicators could be measured in a consistent manner and in alignment with countries’ needs on monitoring the attainment of the SDG agenda. It is intended to serve as a tool to assist governments to assess the private sector contribution to the [...]

By | November 6th, 2018|New research|0 Comments

SSE: How securities regulators can support the Sustainable Development Goals

This report identifies five action areas where securities regulators can contribute to a more stable and resilient financial system that better supports the SDGs. These are: 1. Facilitate investment to support the delivery of the SDGs: Aid investment flows to towards achieving the SDGs via financial products. 2. Strengthen corporate sustainability-related disclosures: Improve the quality [...]

By | November 6th, 2018|New research|0 Comments

Analysis of the 50 largest Danish companies’ CSR reporting

FSR - Danish Auditors hired Center for ESG Research to investigate the usability of the CSR reports of the 50 largest Danish companies - listed as well as unlisted. The analysis covers both the robustness of the reports, the connotation between the business and the sustainability activities, and not the least the use of the [...]

By | October 12th, 2018|New research|0 Comments

Are Passive Investors a Challenge to Corporate Governance?

Corporate governance theories generally suggest that institutional investors could effectively improve the quality of governance through intervention and threat to exit. However, passive institutional investors such as index funds and ETFs lack the ability to exit and may not have strong motivation to intervene, thus lowering the quality of governance of the firms they heavily [...]

By | June 28th, 2018|New research|0 Comments

Yale University: Corporate Sustainability Metrics: What Investors Need and Don’t Get

While traditional socially responsible investors use Environment, Social, and Governance (ESG) performance metrics to exclude “bad actor” companies from their portfolios, the new interest comes from those who hope to match or beat market performance benchmarks. The prevailing wisdom suggests, however, that corporate sustainability leadership only rarely translates into marketplace success and recent studies to [...]

By | June 28th, 2018|New research|0 Comments