ESG data is a public good. Let's open it up. - ImpactAlpha
peter.suber's bookmarks 2021-11-29
"There is a lot of confusion about how to implement climate as well as environmental, social and governance, or ESG, analysis in finance. Today, ratings agencies, researchers and fund managers use different, often proprietary models to assess companies’ ESG performance. That makes it difficult to compare one company to another, and leaves room for greenwashing.
It also holds back a full throttled re-pricing of social and environmental-related risks and opportunities.
Climate risk analysis should not be an “investment edge,” but a “public good.” Global warming is already causing more frequent extreme weather events, and scientists warn that we are headed for far worse without a dramatic course correction.
So here’s an idea: let’s make climate and ESG data open to everyone. ..."