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Institutional Investor (June 26)

2012/ 06/ 28 by jd in Global News

“Despite the rise in prominence of environmental, social and corporate governance issues, many corporations still do not include ESG risks into their financial performance.” Part of the problem is the lack of a robust international framework, but progress is being made with the London-based International Integrated Reporting Committee expected “to release a prescriptive integrated framework that provides guidance details for measurements by industry sector by mid-to-late next year. Prior to that, GRI will publish their own prescriptive, but not as detailed, framework by next May.” Another issue, however, is data collection. Companies will “need the processes and controls to collect the data” for ESG reporting. Ultimately, Institutional Investor believes, “getting ESG risk in financial statements may need investor muscle…. It may be up to a few active ESG investors to push changes at the board level.”

 

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