Governmental and scientific news and insights on investor oriented environmental, social, and governance (ESG) data.

Insights from the Reporting Exchange: ESG reporting provisions trends

The research conducted as part of the Reporting Exchange project supports the existing argument that the variety and overlap of corporate reporting provisions make this field complicated and confusing 1,2. The research has allowed us to draw the conclusions outlined in this paper: • There are currently over 1000 reporting requirements for sustainability information, representing [...]

By |2018-03-02T11:30:24+00:00March 2nd, 2018|CSR, ESG, Governments, Law|0 Comments

Nonfinancial Risk Disclosure & the Costs of Private Ordering

In 2016, the Securities and Exchange Commission (SEC) considered for the first time whether financial disclosure reform should address sustainability matters and other sources of nonfinancial risk. The resulting debate over these issues raises fundamental questions about how well the federal disclosure regime addresses emerging risks and about how well private ordering, through shareholder engagement, [...]

By |2018-01-29T20:56:34+00:00January 29th, 2018|Governments, Integrated Reporting, Risk|0 Comments

Member State Implementation of Directive 2014/95/EU

A comprehensive overview of how Member States are implementing the EU Directive on Non-financial and Diversity Information The last two years have been a defining time for corporate non-financial reporting in Europe. The introduction of the EU Directive on the disclosure of non-financial and diversity information (Directive 2014/95/EU) has set a clear course towards greater [...]

By |2017-11-25T13:29:21+00:00November 25th, 2017|CSR, Governments, International, Law|0 Comments

Institutional Investors, Corporate Social Responsibility, and Stock Price Performance

In 2006, the United Nations Global Compact launched Principles for Responsible Investment (PRI), and the Japanese Ministry of Environment advocated financial mechanisms for environmental protection. We find that institutional ownership in 2005 is positively related to the probability of subsequent improvements in environment ratings for Japanese firms. The result is especially evident for domestic institutional [...]

By |2017-02-17T13:08:37+00:00February 17th, 2017|CSR, Firm Value, Governments, Investors|0 Comments

The Impact of Mandated Corporate Social Responsibility: Evidence from India

Firms’ Corporate Social Responsibility (CSR) activity has become the subject of a large literature in recent years. This paper analyzes CSR activity using quasi-experimental variation created by Section 135 of India’s Companies Act of 2013, which requires (on a “comply-or-explain” basis) that firms satisfying specific size or profit thresholds spend a minimum of 2% of [...]

By |2016-11-24T12:14:06+00:00November 8th, 2016|CSR, Financial, Governance, Governments, Investors|0 Comments

Singapore Exchange introduces mandatory sustainability reporting

The Singapore Exchange (SGX) has introduced a comply or explain requirement for their issuers, to be introduced after 31st December 2017. The Policy Statement on Sustainability Reporting: Issuers make regular financial reports to their investors that are used for assessment of the likelihood of repayment (in the case of debt securities) and the returns on [...]

By |2016-09-10T17:58:18+00:00September 10th, 2016|CSR, Firm Value, Governments, Investors, Law|0 Comments

Carrots & Sticks 2016: Non-financial reporting regulation surges worldwide

This report assesses developments in sustainability reporting regulation and policy across 71 countries and identifies a worldwide surge in the number of reporting instruments in place. The report is the fourth in the series since 2006 and is produced jointly by KPMG International, GRI, United Nations Environment Programme (UNEP) and The Centre for Corporate Governance [...]

By |2016-11-24T12:14:08+00:00June 13th, 2016|CSR, Governments, Indicators, Investors|0 Comments

ACCA and CDSB report concludes that the fragmentation of the sustainability reporting landscape undermines its potential

A new report from the Association of Chartered Certified Accountants (ACCA) and the Climate Disclosure Standards Board (CDSB) suggests that despite progress made in sustainability reporting and its growing importance, the fragmentation of the landscape might mean that the discipline is "lost in the right direction". The author of the report, who is the Founding [...]

Social disclosures in private corporations

Globally, there is a growing interest in using disclosure rules in corporate and securities law to achieve social policy goals. The blending of corporate law with social issues is a transformation of disclosure obligations, which have traditionally focused on reducing information asymmetries and instilling confidence in the market. At the same time, the amalgamation of [...]

By |2016-06-01T14:57:42+00:00June 1st, 2016|CSR, Governments, Law, Social|0 Comments