The corporate reporting of ESG, or environmental, social, and governance, data has come a long way. Only 20% of Fortune 500 companies reported ESG data in 2011. By 2016, according to the Governance and Accountability Institute, only 20% failed to report. More than 10,500 organizations have created almost 40,000 separate sustainability reports, according to the Global Reporting Initiative.
The Bloomberg terminal now includes more than 700 different ESG disclosures from nearly 12,000 companies.
Based on … feedback from investors and issuers, and the growing awareness of global regulators, it is clear to exchanges that a smart and strategic process of monitoring, managing, and reporting of ESG data is preferential. This is the way we can help to create better companies and better markets for years to come.
Read the full CFI-article by Evan Harvey, the Director of Corporate Responsibility for Nasdaq here