More gobbley-gook about ESG and “social factors” continues to be visible and widely discussed on Major and Green Media.
I keep asking the same question about the predicates to any ESG trading; What about measurement and verification, two-way connectivity, and real time information, when
pricing energy?
How will Wall Street’s demand for detailed data affect the final regulations of the SEC?
…………
Today, ESG “social factors” have evolved to cover the relationship between a company and its stakeholders. Social factors are on investors’ minds: in BlackRock’s 2021
proxy voting guidelines
, one of the world’s largest asset managers noted that it expects U.S. companies to disclose workforce demographics, such as race, ethnicity and gender in line with the U.S. Equal Employment Opportunity Commission’s EEO-1 Survey. It noted that a company’s approach to human capital management is a critical factor in fostering an inclusive, diverse and engaged workforce, which contributes to business continuity, innovation and long-term value creation. Peers like
State Street Global Advisors
have called for similar disclosures.
https://www.ice.com/insights/market-pulse/fixed-income/a-dynamic-way-to-manage-the-s-of-esg-risk