The August 2024 edition of the ESG Policy Digest covers a wide range of policy tools and solutions emerging worldwide to power sustainability-driven capital markets. At the international level, the Global Reporting Initiative and the Taskforce on Nature-related Financial Disclosures (TNFD) are refining reporting standards with an interoperability mapping resource to support alignment across both frameworks. The International Accounting Standards…
Guest Post – Ensuring and Assuring ESG Data: The Importance of Integration
By: Jim Pelletier, Senior Product Manager at Wolters Kluwer TeamMate Environmental, Social, and Governance (ESG) data remains a fragmented challenge for most organizations. The breadth and depth of information required to support ESG reporting is commonly spread across multiple departments and maintained in different systems from simple documents and spreadsheets through databases and cloud-based solutions. These ‘data silos’ challenge even the…
U.S. Federal Court Strikes Down Missouri Anti-ESG Investing Rule
A U.S. federal court has issued a ruling blocking new regulations in Missouri aimed at limiting the ability of financial professionals to integrate ESG considerations into their investment advice, finding that the regulation was vague and unconstitutional. The regulation, initiated by Missouri Secretary of State Jay Ashcroft, and passed in 2023, required securities firms and professionals to receive written consent…
68% of Large U.S. Companies Now Have Dedicated Sustainability Reporting Budgets: EcoOnline Survey
Over two thirds of large companies in the U.S. have put in place dedicated budgets for sustainability reporting, and nearly all plan to increase spending on sustainability and compliance reporting, and would advance their sustainability efforts even in the absence of climate and sustainability regulations, viewing sustainability as a company value driver, according to a new survey by ESG and…
ESG Today: Week in Review
This week in ESG news: Microsoft launches new multi-framework ESG reporting solution; Goldman Sachs exits Climate Action 100+ as political pressure builds; World Bank issues bond with interest linked to reforestation-based carbon removals; GM signs its largest-yet renewable energy deal; Texas expands its divestment list of financial companies “boycotting” energy companies; Canada invests $100 million in carbon capture tech provider;…
What is ESG Reporting and How Do You Start?
What is ESG Reporting and How Do You Start? Table of Contents ESG reporting, or Environmental, Social, and Governance reporting, is the process by which companies disclose information about their sustainability practices, social responsibility initiatives, and governance structures. This reporting is increasingly vital as investors, regulators, and consumers demand greater transparency and accountability from businesses. But how do you start…