There are no common standards for ESG and DEI measurement, but many investors increasingly demand it, creating information risk.
Fortunately Hydrus.ai resolves this challenge and ties data to the relevant audit, accounting, and other parameters. The software controls and audits the data collection and reporting process.Wall Street firms have power to demand that management complies with ESG standards to continue receiving investment. Blackrock and other large financial institutions learned they can make ESG investing a profitable business by charging fees for “green” investment products.
Only audited, transparent data with a disclosed methodology can be trusted, for example how were the Greenhouse Gas calculations performed, which methodology was used . For example, I am ethnically Asian, but Accenture, a Fortune 500 global consulting firm with over 500,000 employees, categorized me as “Caucasian/White” in their Workday HR system as. I never specified my ethnicity when I joined the company, so how did they"assume" my ethnicity?
Most ESG and DEI software platforms were built for purposes unrelated to these goal, e.g , social impact data tracking, health and safety, greenhouse gas measurement and so on. Copy-pasting these measures for corporate communication can be risky.mere translation of the thinking ESG ratings, standards, and reporting are highly subjective. Ratings agencies like MSCI, Refinitiv, S&P, Morningstar, and others hire legions of offshore workers in emerging countries to score organizations on ESG and DEI measures. There are no common standards for these measures. And yet institutional investors and regulators increasingly require corporations to report this information. Policymakers should consider how to reduce the abuse of ESG information.
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