A new press release reports, “Nasdaq today announced the launch of its new global environmental, social and governance (ESG) reporting guide to support public and private companies. The 2019 ESG Reporting Guide includes the latest third-party reporting methodologies widely adopted by the industry, and aims to help companies navigate the evolving standards on ESG data disclosure, regardless of geography or market capitalization. ‘ESG data points have become essential tools, not only for investors seeking performance indicators, but also for companies trying to increase operational efficiency, decrease resource dependency, and attract a new generation of empowered workers,’ said Nelson Griggs, President of the Nasdaq Stock Exchange. ‘Our global ESG Reporting Guide is intended to serve as a resource for today’s corporate leaders to create a world in which all market participants are able to share in economic opportunities’.”

The release goes on, “The global version of the ESG Reporting Guide is based on three key developments: (1) The rise of new reporting frameworks, including the Task Force on Climate-related Financial Disclosures and the UN’s Sustainable Development Goals; (2) Guidance and best practices provide by the World Federation of Exchanges; and (3) The results of Nasdaq’s year-long ESG reporting pilot program.”

Evan Harvey, Global Head of Sustainability at Nasdaq, noted, “Our expanded ESG Reporting Guide integrates the latest reporting standards and long-term-focused methodologies and aims to further encourage companies in addressing critical ESG matters, such as capital markets and investor strategy, talent acquisition and retention, and supply chain oversight and responsibility… Our team remains fully committed to taking a leading role in facilitating ESG practices, disclosures, and dialogue between investors and companies.”

Read more at Nasdaq.

Image used under license from Shutterstock.com