Links To External Studies
Prioritizing Global Reporting Initiative Indicators
The Global Reporting Initiative (GRI) created the G3 sustainability reporting guidelines as well as 14 sector-specific supplements. GRI identified these barriers to sustainable investing that must be overcome:
- 1. Lack of prioritization: When investors calculate ROI there are hundreds of indicators not deemed financially significant and if there’s limited disclosure anyhow, investors naturally shy from the challenge.
- 2. Data doubts: Consensus on ESG factors is hard to come by and even when it is approached there can be uncertainty about sources, limitations and characteristics of available data.
- 3. Lack of guidance on how to integrate ESG metrics into standard valuation models: There isn’t yet a default model of using ESG data once it is collected and ratified by the investor.
G3.1 is GRI’s most recent iteration of its Sustainability Reporting Guidelines.
In 2010, the Prince of Wales’ Accounting for Sustainability Project (A4S) and the Global Reporting Initiative announced the formation of the International Integrated Reporting Committee (IIRC).
Canadian Institute of Chartered Accountants: Environmental, Social and Governance Indicators
In 2010, the Canadian Institute of Chartered Accountants (CICA) published a report stating that mainstream institutional investors are beginning to factor environmental, social and governance (ESG) indicators into their decision making.
Read more about this topic: Corporate Knights
Famous quotes containing the words links to, links, external and/or studies:
“An alliance is like a chain. It is not made stronger by adding weak links to it. A great power like the United States gains no advantage and it loses prestige by offering, indeed peddling, its alliances to all and sundry. An alliance should be hard diplomatic currency, valuable and hard to get, and not inflationary paper from the mimeograph machine in the State Department.”
—Walter Lippmann (18891974)
“Ibsen is like this room where we are sitting, with all the tables and chairs. Do I care whether you have twenty or twenty-five links on your chain? Hedda Gabler, Nora and the rest: it is not that I want! I want Rome and the Coliseum, the Acropolis, Athens; I want beauty, and the flame of life.”
—Eleonora Duse (18591924)
“The law is only one of several imperfect and more or less external ways of defending what is better in life against what is worse. By itself, the law can never create anything better.... Establishing respect for the law does not automatically ensure a better life for that, after all, is a job for people and not for laws and institutions.”
—Václav Havel (b. 1936)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (18171862)