Today, companies are expected to report on their non-financial (ESG) performance. Investors and regulators are increasingly assessing companies based on their ESG performance. Business is investing in ESG as a way to identify risks, impacts and responses that sustain growth. Non-financial performance now has a financial consequence.
Transparency, through ESG reporting, is the new norm. However, it has yet to reach maturity like financial reporting. There remains a huge field of frameworks and guidelines (GRI, SASB, TCFD, CDP, SDG to name just some) and the expectations for reporting are inconsistent. It can be hard to know whether you’re on the right track.
We have worked with international partners to develop the Global ESG Monitor (GEM), which assesses and scores the ESG transparency of companies around the globe. The GEM examined 140 companies from some of the world’s largest stock market indices, to develop global rankings for reporting.