Busy Summer 2020 for the World of ESG Players – Rating Agencies, Information Providers, UNGC & the SDGs…and More.




 

Busy Summer 2020 for the World of ESG Players – Rating Agencies, Information Providers, UNGC & the SDGs…and More.

It’s been a very busy summer for organizations managing corporate reporting frameworks and standards, for ESG rating agencies, and for multilateral agencies focused on corporate sustainability and responsibility. If you are a corporate manager or a sustainable investment professional, do tune in to some of the changes that will affect your work. Here’s a quick summary:


ISS/Institutional Shareholder Services
For four decades, ISS has been the go-to source on governance issues for proxy voting and corporate engagement guidance for major fiduciaries (pension funds are an example). Two years ago, “E” and “S” ratings were added for investor-clients. Now, ISS ESG (ISS’s responsible investing unit) is providing “best-in-class fund ratings” that assess the ESG performance of 20,000 firms. Funds will be rated 1-to-5 (bottom is 1) – this to be a broad utility resource for investment professionals. And for corporate managers – ISS ESG scores along with those of other ESG ratings agencies are a factor in whether your company is included in funds that are being rated.

Bloomberg LP
It’s launching E, S & G scores for thousands of firms (highlighting environmental and societal risks that are material to a sector). First sector up is Oil & Gas, with 252 firms rated. Also, there are new Board Composition scores, with Bloomberg assessing how well a board is positioned to respond to certain G issues. (Note that 4,300 companies are being rated – probably including yours if you are a publicly-traded entity.)

And in other news:

UN Global Compact and the SDGs
The UNGC observes its 20th anniversary and in its latest survey of companies, the organization asked about the SDGs and corporate perspectives of the 17 goals and 169 targets. The findings are in the blog post for you.

MSCI
This major ESG ratings agency expanded its model for evaluating company-level alignment to the Sustainable Development Goals. New tools will help capital markets players to enhance or develop ESG-themed investment services and products.

 

 

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Global Reporting Initiative
The GRI continues to align its Universal Standards with other reporting frameworks or standards so that a GRI report becomes a more meaningful and holistic presentation of a company’s ESG profile. GRI Standards were updated and planned revisions include moving Human Rights reporting closer to the UN Guiding Principles on Business and Human Rights and other inter-governmental instruments.

Climate Disclosure Standards Board
The CDSB Framework for climate-related disclosure is now available for corporate reporters to build “material, climate-related information” in mainstream documents (like the 10-k). This is similar to what the TCFD is recommending for corporate disclosure.

This is a small part of what has been going on this summer. We have the two top stories about ISS and Bloomberg and a whole lot more for you in the G&A Sustainability Update blog.

For your end-of-summer/get-ready-for-a-busy-fall schedule!

 

Top Stories

 

The G&A Blog with many more organizations and their actions here.

 

Sustainability Standard Setters & Policy Makers
SEC, SASB, GRI, IIRC, FSB-TCFD

MORE Sustainability Standard Setters & Policy Makers

 

 

ESG / Sustainable & Responsible Investment
Asset Owners & Managers, Ratings Agencies

MORE ESG / Sustainable & Responsible Investment

 

Corporate Sustainability / ESG
Disclosure, Reporting, Corporate Initiatives

There may be significant disruptions to the domestic and global economies due to the coronavirus, economic slowdown, and public protests – but the corporate sector continues to move forward in companies’ respective sustainability journeys. We are thankful for silver linings in days of dark clouds.

MORE Corporate Sustainability / ESG

 

Stakeholders That Matter
Developments, Trends, Corporate Actions Affecting Stakeholders

Yes, public sector policy decisions can be disruptive (as we prepare this, the Trump Administration is opening Alaska lands for fossil fuel extraction) – but there are other sectors of the economy that can make a difference in our lives. Here’s news about that:

MORE Stakeholders That Matter


Sustainability Data in Focus
Developments in Data, Research Trends

MORE Sustainability Data That Matters


Global Sustainability : Forward Momentum!

News & Developments of Note

Editors’ Note
For years this has been a section for focus on the progress that we see in the corporate sector, investment community, public sector, NGOs, regulators, and more. This issue we share the shortfall in the momentum with the U.S. Department of Labor putting the foot on the neck of fiduciaries using ESG approaches; and, the northern ice fields continuing to melt, adding momentum to the wrong kind of climate change.

MORE Global Sustainability : Forward Momentum!



 

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