How data, technology and international reporting standards enable an ESG-driven economy

LONDON, UK, December 14, 2021 /EINPresswire.com/ – Business Reporter ESG Special Report published with The Economist provides insight into how standards bodies, investment management firms, technology and data services are working together to make the global economy sustainable. . As sustainability disclosure and ESG indexing gain traction, there is still some way to go before they become the norm. To advance the creation of sustainability reporting standards for financial markets, IFRS, the foundation that set out to establish international accounting standards twenty years ago, announced the formation of the International Sustainability Standards Board responsible for develop a comprehensive global baseline of sustainability information for financial markets.

However, companies are not yet ready to meet the new sustainability standards that are taking shape. What it needs are solutions to both improve their sustainability performance and that of their customers in order to remain competitive in a more climate-sensitive market, as well as to facilitate the quantification and reporting of their climate-related risks.

Undoubtedly, the capital markets are key players in the transition to net zero. By offering sustainable financial instruments in the most accessible investment markets such as ETFs (Exchange Traded Funds), they are well placed to turn the tide of investor preferences. Environmentally friendly portfolios will increasingly reduce exposure not only to CO2 emitters, but also to companies whose business has a negative impact on biodiversity, land use, the marine environment or the environment. Food Safety.

Contributors featured in Business Reporter’s ESG Special Report include Flood Re, Hoare Lea, Green Climate Fund, BlackRock, Moody’s, NatWest, TalkTalk, CGI, FactSet and ICGN. You can also read an article from the UN champions of COP25
Gonzalo Muñoz (TriCiclos) and Nigel Topping (creator and advocate of Science Based Targets).

To read the digital version of the printed issue of BR, click here.

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