New study finds North American companies most at risk of violating UN environmental standards

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  • This analysis is based on ESG Book’s Enhanced Risk Index, a transparent, data-driven assessment of a company’s exposure to material ESG topics, based on the world’s largest corporate sustainability initiative, the United Nations Global Compact. This coincided with the release of the score.
  • ESG Book research shows that companies in the United States and Canada are three times more likely to violate the environmental principles of the United Nations Global Compact compared to other regions of the world.
  • companies Asia Data reveals that one in 20 companies has significant anti-corruption-related risks.
  • Covering more than 10,000 companies around the world, Risk Score provides a comprehensive analysis of each company’s exposure to the United Nations Global Compact Principles of Corporate Conduct.
  • Leveraging over 200 metrics, the risk score allows users to click on each company’s score to access raw data, source documents, and point-in-time history for time-series risk analysis.
  • The ESG Book combines market-leading sustainability and climate data, a real-time ESG data disclosure platform, and cutting-edge corporate ESG solutions.

London and new york, November 21, 2023 /PRNewswire/ — ESG Book, a global leader in sustainability data and technology, today announced that companies US and Canada Three times more likely to violate UN environmental standards compared to other regions of the world.

This analysis is based on the ESG Book Risk Score, a transparent, data-driven assessment of a company’s exposure to material ESG topics, based on the world’s largest corporate sustainability initiative, the United Nations Global Compact. This was done at the same time as the release.

In a survey of more than 10,000 companies, ESG Book found that North American companies are the most vulnerable globally to non-compliance with the environmental principles of the United Nations Global Compact, with 60% of companies complying with international agreements. identified that there is an increased risk of violations. US.

According to ESG Book data on the principles of the United Nations Global Compact (environment, human rights, labor, and anti-corruption): Asia Recognized as the most vulnerable of all major markets, 15% of Asian businesses are at risk of violating the Universal Principles. This is driven by Korean companies (28%). Japan (19%), and China (16%), with a particularly high risk of anti-corruption violations.

in Europe, companies are less likely to violate most of the principles of the United Nations Global Compact compared to companies in North America or Asia. The exception is that North American companies have lower exposure to anti-corruption risks (0.5%), with US companies seven times better than the rest of the world (3.5%) and three times better than European companies (1.5%). We are achieving great results. ).

Leveraging more than 200 metrics from ESG Book’s proprietary data module, the Risk Score provides a comprehensive analysis of sustainability risk exposure for more than 10,000 companies worldwide.

ESG Book scores are a solution to many of the current market challenges surrounding risk analysis, including opacity around methodology and data, multipurpose frameworks that confuse ESG performance with risk, and systemic bias.

The risk score comes with a fully transparent methodology and full disclosure of raw data, allowing users to click on each company’s score to access the underlying source documents for time-series risk analysis. Displays the history of a specific point in time. The tool was developed to be used in conjunction with the ESG Performance Score, an assessment of a company’s sustainability performance inspired by SASB’s materiality framework.

doctor Daniel KrierESG Book’s CEO said: “Risk considerations are essential to clear decisions about ESG investing and management. However, the market is currently being failed by much of the analysis and ratings available. They are often inconsistent, one-dimensional, and based on black-box techniques.”

“As part of ESG Book’s suite of data solutions, Risk Score brings a new level of sophistication to corporate risk analysis, helping companies understand how and why they are at risk of violating universal principles of corporate behavior. We provide full transparency about what we do.”

“Risk scores are designed with both investors and companies in mind. Investors can use this score to inform universe selection, portfolio selection, and It can be used as a monitoring and engagement tool, and companies can use this score systematically to assess their exposure, perform comparisons with their peers, and identify disclosure gaps.”

ESG Book connects companies and financial institutions directly, combining market-leading sustainability and climate data with an ESG disclosure platform that provides access to nearly 160,000 company disclosures and analyses. The company’s cloud-based sustainability dashboards are used by the world’s largest companies and consultants for ESG performance management, competitive benchmarking, and regulatory compliance.

For more information, please see our ESG book.

About ESG Book

ESG Book is a global leader in sustainability data and technology. ESG Book connects companies and financial institutions directly, combining market-leading sustainability and climate data with an ESG disclosure platform that provides access to nearly 160,000 company disclosures and analyses. The company’s cloud-based sustainability dashboards are used by the world’s largest companies and consultants for ESG performance management, competitive benchmarking, and regulatory compliance. ESG Book serves more than 100 institutional clients around the world, including Bloomberg, BNY Mellon, Citi, Dow Jones, HSBC, Glass Lewis, JP Morgan, Google, and Nikkei. For more information, please visit esgbook.com.

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SOURCE ESG BOOK

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