An alliance of financial institutions, investors and sustainable investment-focused service providers including HSBC, Deutsche Bank and the GRI announced today the launch of ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More Book, aiming to provide a central source for accessible, transparent and comparable ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More data.
According to the alliance, while more than $100 trillion of assets under management have committed to align with sustainable investing goals through the Principles to Responsible Investment (PRI), and businesses are increasingly setting ambitious sustainability goals, a lack of accessible and consistent ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More data has created a barrier to capital flows from investors and financiers to support low carbon and sustainable business activities.
Developed by ESG-focused financial technology company Arabesque, ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More Book is based on a mission to create ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More data as a public good, available to all companies, investors, standard-setters and stakeholders, and supports the ten principles of the UN Global Compact, which encompass human rights, labor, environment, and anti-corruption.
Georg Kell, Chairman of Arabesque, said:
“The launch of ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More Book marks the evolution of corporate sustainability. It enables more comparable and higher quality ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More data, thereby advancing the mission of making markets more sustainable. Through a technology-driven approach, Arabesque is committed to making ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More data available to all as a public good.”
Founding members of the alliance supporting ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More Book include The International Finance Corporation, ISAR, Global Reporting Initiative, Bridgewater Associates, Swiss Re, Deutsche Bank, HSBC, HKEX, Glass Lewis, QUICK, Allianz X, Bank Islam, Goldbeck, Werte Stiftung, WBCSD, Climate Leadership Coalition, Climate GovernanceGovernance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. More Initiative, Climate Policy Initiative, Climate Bonds Initiative, Responsible Jewellery Council, GeSI, and Arabesque.
Dr Celine Herweijer, Group Chief Sustainability Officer, HSBC, said:
“Institutions and investors need access to reliable and comparable sustainability data, in order to mobilise finance for the biggest enablers of the transition to net zero. Digitalising, streamlining and aligning that information, as ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More Book aims to do, will help banks to navigate the sustainability data landscape and optimise our customers’ transition journeys.”
The principles underlying ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More Book envision companies as the custodians of their own data, and directly connected to their stakeholders to report on the most material and valuable issues requested by investors. ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More data should be reported in a clear and consistent manner, should be readily accessible to all stakeholders, and should be framework neutral.
The initiative also aims to ease the reporting burden with ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More data that can be mapped across a range of frameworks simultaneously over time. As an example provided by the alliance, if a company discloses emissions according to GRI, other reporting questionnaires can be populated with the same data.
Dr Daniel Klier, President of Arabesque, said:
“Alongside a coalition of founding partners, we are excited to launch ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More Book and deliver a new digital solution that connects companies, investors and standard-setters for a more accessible and centralised approach to corporate sustainability information. Through this platform, we aim to shape the future of ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More data.”
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