In McKinsey Global Survey on valuing ESG programs, 83 percent of C-suite leaders and investment professionals say they expect that ESG programs will contribute more shareholder value in five years than today. In a new survey, executives and investment professionals largely agree that environmental, social, and governance programs create short- and long-term value. The comment by Libby Bernick (Morningstar) caught my eye – “fairly universal desire from investors and executives to improve on the current approaches and create easier-to-use ESG metrics and data standards.”
From my perspective, perhaps there is a gap between the ESG community and the investors and executives where the providers of ESG information, data and standards do so in a way that is too complex and not easily understood format/fashion by the users of that information. That gap should be understood and eliminated. Sound similar?
In one gap where we are beginning to explore is to accelerate adoption and drive demand for life cycle information by changing the conversation around life cycle information and evolving the practices of LCA/LCT to better connect with user needs.