Investors are still confused when it comes to understanding a fund’s environmental, social and governance, or ESG, factors. Here’s one proposal that could help.
Environmental, social and governance, or ESG, ETFs may have picked up in, but investors are still confused when it comes to understanding the nuances of a fund's ESG factors. One solution may be standardizing the criteria used for each fund.
Regulating ESG disclosures would provide investors with a consistent set of information instead of leaving investors to sort through a variety of standards, S&P Global CEO and President Doug Peterson told CNBC's"One of the risks we had before was a complete alphabet soup of different organizations trying to standardize ESG disclosures," Peterson said.
Now the International Sustainability Standards Board is bringing all these groups together to create one single approach to ESG disclosures, Peterson said. ESG isn't new to the corporate world. The World Economic Forum has a list of 21 ESG standards it created in 2019 for companies to use. Ninety-two percent of the S&P 500 and 70% of the Russell 1000 provide sustainability reports, according to aStill, Peterson predicts corporate America will be split on reorganizing their ESG reporting.
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