By Roger Aitken
“The London Stock Exchange Group (LSEG) has issued guidance, through its Global Sustainable Investment Centre, which sets out recommendations for “good practice” in Environmental, Social and Governance (ESG) reporting. The global guide brought calls today from a member of the World Bank Group for other stock exchanges around the world to follow the bourse’s example and lead.
The guide responds to “demand from investors” for a more consistent approach to such reporting that now forms a core part of the investment decision process and to enable investors to make more informed investment decisions.
“…According to the Global Sustainable Investment Alliance (GSIA), a collaboration of membership-based sustainable investment organizations around the globe, over a third of professionally managed assets globally incorporate ESG approaches, which represents more than US$20trn of AUM. GSIA is an overarching body that reports on and incorporates the work of the seven largest sustainable organisations around the world: ASrIA, Eurosif, RIAA, RIA Canada, UKSIF, US SIF and VBDO.”