In recent years we have seen the onus shifting onto financial services firms to implement structured methodologies and metrics to identify, assess and validate their own Environmental, Social and Governance (ESG) credentials along with those of the companies they finance, invest in or use as suppliers – in effect becoming the arbiters of sound ESG practices across global markets.
Delivering that validation demands deep-dive into data that encompasses both financial and non-financial activities in order to quantify positive or negative ESG-related impacts.
This paper outlines and presents
- approaches for assessing ESG data scoping and sourcing
- sets out one specific approach/best practice for incorporating corporate ESG data strategies.
- a front-to-back methodology for how an organization can overcome current and emerging external data challenges to determine and prioritize their ESG data requirements.
- a systematic approach to ESG data assimilation.