10/30/2020 12:00:00 AM | less than a minute read

Coming up with just one ESG standard?

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Doug Davison

Litigation, Arbitration & Investigations Partner

Get in touch

Doug Davison

Litigation, Arbitration & Investigations Partner

While investors are increasingly clamoring for more ESG information as they pour money into ESG investments, there remains no one standard for defining just what ESG is. Blackrock, with $7.8 trillion in assets, is seeking to address this by getting the market to move to just one standard, one which would be recognized around the world. Landing on a single approach would go a long way to minimizing risks for reporting meaningful, accurate and consistent information; hopefully this would reduce the burden, too. Until then, there remains concern and a high level of risk about matching what is said about investment approaches to what is actually being implemented.

“We see the approach proposed by the IFRS Foundation as the most practicable and likely to succeed,” BlackRock said. “We believe a combination of the best ideas would minimise the reporting burden on companies and achieve the optimal results for users of company reporting on sustainability.”

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