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Sustainability reporting in stock exchanges 'comes of age'

Sustainability reporting in stock exchanges 'comes of age' | Sustainable Procurement News | Scoop.it

As many as 21 stock exchanges across the world could introduce sustainability reporting standards in the coming months. They would join the 17 exchanges that currently recommend listed companies to report on environmental, social and governance (ESG) issues — going a step further by providing model guidance to participating companies.
These exchanges have pledged to list their guidance on the Sustainability Stock Exchanges (SSE) initiative. It's a peer-to-peer platform that invites global exchanges to promote ESG disclosure among listed companies and among each other. SSE includes over 60 exchanges — representing more than 70 percent of listed equity markets — and more than 30,000 companies with a market capitalization over $55 trillion.

EcoVadis's insight:

New guidelines will be introduced next year and more and more stock exchanges are viewing sustainability reporting as necessary and inevitable.

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Are Companies in Denial About the Growing Importance of ESG?

New research developed by Corporate Citizenship, in association with S&P Dow Jones Indices, reveals that long-term thinking is not the norm among many businesses:
-26% of all companies assessed had no relevant mentions of long term value
-ESG communication remains challenging - for the 74% of companies that did mention long-term value, many struggle to articulate the importance of ESG factors for long-term business success
-Key performance indicators (KPIs) are often missing, and when companies mention long term value creation they rarely link it to KPIs

EcoVadis's insight:

Are you also facing denial about the growing importance of ESG?

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