TF9 – International Finance
ENSURING ESG IMPACT: FOUR ACTIONABLE RECOMMENDATIONS FOR A DEPENDABLE PATH
ABSTRACT
With Environmental, Social and Governance (ESG) investing becoming mainstream, it is urgent to develop a standardised set of information that investors and companies can use in their decision-making process. Information consistency, integrity and trustworthiness, and appropriate evaluation of the impact of the ESG-related efforts are essential to ensure positive spill-over in societies, countries and the environment. We urge the G20 to play a proactive role in defining standardised disclosures and narrative, and assessing companies’ ESG policies. More specifically, we recommend identifying a vision that will encompass the final goals at the society level and backtrack to define companies’ goals, in terms of ESG policies, and metrics to achieve them
AUTHORS
Claude Lopez
Milken Institute
José Siaba Serrate
Argentine Council for International Relations (CARI)