Northern Trust Corporation: Northern Trust Asset Management Introduces ESG Vector Score
Northern Trust Asset Management (NTAM) introduced today the Northern Trust ESG Vector Score
TM, a measurement that assesses publicly traded companies in the context of financially relevant environmental, social and governance (ESG) related criteria that could impact their operating performance. It can be used in constructing and managing investment portfolios and stewardship activities.
The ESG Vector Score focuses on the magnitude and direction of key ESG related business issues likely to have a financial impact on companies and hence a portfolio s performance. It provides a consistent, transparent methodology to gain greater clarity when building and managing sustainable portfolios.
Opinion: Playing catch-up on sustainable finance, Ottawa strikes new action council theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Environmental, social and governance risks are both business and investment risks, and chartered accountants are at the heart of reporting on them as well as the financials.
Environmental, social and governance (ESG) risks are being incorporated into management, as well as investment, decision-making - whether it s lending decisions, equity investing, green bonds, or anything else, says Neil Stewart, Director of Corporate Outreach at the Sustainability Accounting Standards Board (SASB).
“Value creation, its preservation or erosion as a result of these ESG risks is now being quantified,” says Stewart, “and so too is corporate performance against these risks. This is what puts the accounting profession at the centre of this ESG world.”
Exclusive: Blackstone asks its companies to regularly report on sustainability
Reuters | May 03, 2021 04:26 PM EDT
The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) (Photo : REUTERS/Brendan McDermid)
Blackstone Group Inc has for the first time asked executives in companies controlled by its private equity arm to regularly report on environmental, social and governance (ESG) matters to their boards, according to a letter seen by Reuters.
The world s largest manager of alternative assets such as private equity and real estate has been seeking to bolster its sustainability credentials as investors increasingly question companies on their impact on the environment and workers.