Fintech PR
Mind the data gap – Industry-relevant ESG disclosure levels remain low, despite rise in sustainability reporting
New ESG Book analysis shows that despite a global increase overall in sustainability reporting, many companies are insufficiently disclosing industry-relevant metrics.
- Research coincides with the launch of the firm’s ESG Performance Score, a data-driven assessment of corporate sustainability performance inspired by International Sustainability Standards Board (ISSB) standards.
- ESG Book’s analysis reveals that European companies lead global peers on ESG performance, but are falling behind on the disclosure of financially material, industry-led sustainability data.
- With markets demanding better ESG data to meet increasingly complex sustainability requirements, the ESG Performance Score is the most sophisticated new tool of its kind.
- Covering nearly 10,000 companies globally, the ESG Performance Score provides in-depth, real-time insights into material areas of sustainability performance.
- With a fully transparent methodology, the ESG Performance Score uniquely enables clients to click from each company’s score to raw data and source documentation, with point-in-time history for time series analyses.
LONDON, July 20, 2023 /PRNewswire/ — ESG Book, a global leader in sustainability data and technology, today released new analysis showing that financially material, industry-relevant ESG disclosure levels remain low, despite a widespread increase in overall sustainability reporting.
The research coincides with the launch of the firm’s new ESG Performance Score, a transparent, data-driven assessment of corporate sustainability performance inspired by International Sustainability Standards Board (ISSB) standards.
Published in June 2023, the ISSB’s long-awaited new standards mark a significant global shift in financially relevant sustainability disclosure, and are seen as a new global baseline for capital markets.
ESG Book’s analysis reveals that European companies currently lead global peers on sustainability performance, led by corporations in France with an average ESG Performance Score of (54.9). By comparison, U.S.-based companies on average have a score of 50.1, with Japanese companies scoring on average 49.5.1
On a global scale, European corporations also demonstrate the highest levels of overall ESG disclosure, as the reporting landscape is rapidly shaped by emerging regulation including the EU Taxonomy and Corporate Sustainability Reporting Directive (CSRD). Recent ESG Book analysis revealed that worldwide ESG regulations have increased by 155 percent over the past decade.
However, while European companies perform strongly in the overall disclosure of ESG-based metrics, there is a noticeable drop in their reporting of industry-relevant sustainability data. This is information that is more likely to impact the enterprise value of a corporation, and is required by investors and financial institutions for more accurate insights into material areas of sustainability performance.
ESG Book’s new solution has been developed as a response to many of the current market challenges around sustainability ratings, including opacity around score methodologies and underlying data, a lack of standardisation, and the limited ability to measure industry and sector-specific metrics.
Covering nearly 10,000 listed companies worldwide, the ESG Performance Score provides an in-depth, real-time assessment of corporate sustainability through separate analytics on performance and disclosure, with more than 450 standardised and derived ESG and emissions metrics applied to each company.
With a fully transparent methodology, enabling financial institutions and corporates to gain access to the score’s framework, data mapping and calculations, the ESG Performance Score uniquely allows clients to click through from the score-level to the underlying raw data and source documentation. ESG Book’s solution incorporates sector specific materiality, and provides point-in-time history for time series analyses.
Dr Daniel Klier, CEO of ESG Book, said: “We are transitioning from a world of simplistic and opaque ratings to an increasingly more advanced sustainability data landscape, and moving on from the past when a single score would be used to explain how a company is performing on ESG and climate issues.”
“ESG Book is leading this transformation by delivering fully transparent, traceable ESG data that is aligned with latest industry standards, and which provides a more sophisticated view of financially-material corporate sustainability performance.”
“With the launch of the ESG Performance Score, we are empowering investors and corporates with a more accurate tool to determine financially material ESG risks and opportunities, and greater transparency to enable more sustainable outcomes.”
Delivered through ESG Book’s market-leading platform, the ESG Performance Score is available as two options: ‘Core’, which is a point-in-time score measuring corporate sustainability performance based on publicly available data, and ‘Plus’, which includes an overlay of media and NGO coverage to account for the public perception of a company’s performance.
The ESG Performance Score can be used for a broad range of investment, research, and engagement purposes, including fundamental analysis, portfolio screening, and benchmarking.
ESG Book is the world’s only provider of sustainability data with a real-time disclosure platform that directly connects corporates with financial institutions. With 150,000 disclosures, ESG Book’s platform provides pre-populated data and analytics on public securities, as well as the ability to directly request ESG disclosures from private companies, combining public market ESG information with privately collected data.
The company serves over 100 institutional clients globally including Bloomberg, BNY Mellon, Citi, JP Morgan, HSBC, and Glass Lewis.
1). ESG Book – ESG Performance Score – Date: January 1st, 2023.
Visit ESG Book for more information.
About ESG Book
ESG Book is a global leader in sustainability data and technology, with a vision to transform finance through sustainability by making ESG data accessible, comparable, and transparent. ESG Book is the only provider in the world to combine a highly competitive, global sustainability dataset reported by corporates together with a disclosure platform. ESG Book’s solutions are used by many of the world’s largest financial brands, including Bloomberg, BNY Mellon, Citi, Dow Jones, JP Morgan, HSBC, and Glass Lewis.
Covering over 50,000 companies, ESG Book’s product offering includes ESG and climate data, company-level and portfolio-level scores, and analytics tools. ESG Book’s SaaS data management and disclosure platform provides access to almost 150,000 corporate disclosures, enabling companies to disclose to stakeholders in real-time against multiple frameworks. For more information, visit esgbook.com.
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Representatives from 57 countries, regions and 6 international organizations, are gathering in Suzhou.
What important topics are they discussing about? Let’s find out!
BEIJING, Sept. 22, 2024 /PRNewswire/ — I’m Xiao Lin from National Immigration Administration. On September 9th, the first Sub-Forum on Migration Management Cooperation was successfully held. Representatives from all parties expressed their insights and appeals around the development and innovation of migration governance.
It was truly a content-rich event!
Why does the international community focus on the topic of “Migration Governance” so much?
At present, changes unseen in a century is unfolding at a faster pace. The situation in the wider world remains complex and fluid. However, peace, development, cooperation and win-win results are still an unstoppable historical trend. Migration governance is critical to economic development of individual countries, global security governance and international cultural and people-to-people exchanges. It has increasingly become a key issue in global governance.
Here are the key points:
At the forum, NIA made three commitments: implementing more open policies for the cross-border flow of people, more effective actions in the governance of transnational crimes and more extensive global cooperation in migration governance, injecting new impetus to opening up and development; At the same time, three initiatives have been put forward, [Original scene of the initiative] contributing China’s wisdom and solutions to global migration governance and further showcasing its image as an open, confident, secure, and thriving major power.
Representatives also made keynote speeches, sharing their migration governance policies, measures and experience, and providing their perspectives on regional and international migration governance.
Pooling wisdom for win-win results.
In a changing era, National Immigration Administration of China stands ready to work with all parties to promote global migration governance to a higher level and contribute more wisdom to world peace, development, prosperity and stability!
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The List Included 14 Enterprises Rooted in Anhui
HEFEI, China, Sept. 22, 2024 /PRNewswire/ — On September 20, 2024, China Enterprise Confederation (CEC) and China Enterprise Directors Association (CEDA) unveiled the 2024 Top 500 Chinese Manufacturing Enterprises list at the World Manufacturing Convention (WMC).
Leading the pack are Sinopec Group, China Baowu Steel Group Corporation Limited, Sinochem Group, China Minmetals Corporation, Hengli Group, SAIC Motor Corporation Limited, Huawei, FAW Group, Zhejiang Rongsheng Holding Group, and BYD, making up the top 10.
The threshold for inclusion in the 2024 list has risen to 17.062 billion yuan, marking a 512 million yuan increase from the prior year. Collectively, these companies have reported a total operating revenue of 52.01 trillion yuan, up 1.86% year-on-year.
Innovation continues to be a key driver, with the Top 500 investing 1.23 trillion yuan in research and development (R&D), a 12.51% increase over the previous year. R&D intensity stands at 2.37%, up 0.04 percentage points from a year before. These companies also hold 1.4937 million valid patents, including 717,300 invention patents, representing a 3.85% and 11.35% increase, respectively. The proportion of invention patents has risen to 48.02%, up 3.24 percentage points from the previous year. Overseas expansion is also on a steady trajectory, with the Top 500 reporting foreign assets totaling 7.29 trillion yuan, up 5.81% from the previous year, and overseas operating revenues of 7.13 trillion yuan.
Geographically, Zhejiang, Shandong, Jiangsu, Guangdong, and Hebei boast the highest number of companies among the Top 500.
Fourteen companies from Anhui, including Chery Holding, Tongling Nonferrous Metals Group, Conch Group, Sungrow, Anhui Truchum Advanced Materials & Technology, JAC Group, Gotion High-tech, Shanying International, Honglu Steel Structure, Tiankang Group, Zhongding Group, Gujing Group, Tongling Chemical Industry Group, and Tongling Jingda Special Magnet Wire, have secured a place on the list.
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Hyundai Motor and Škoda Group to Collaborate on Hydrogen Advancement and Energy Efficient Solutions for Mobility
- Hyundai Motor Company and Škoda Group sign a Memorandum of Understanding (MOU) during the Korea-Czech Business Summit in Prague
- Both parties to cooperate in establishing a hydrogen economy and realizing a sustainable future mobility ecosystem
- Škoda Group to explore hydrogen mobility expansion by adopting Hyundai’s hydrogen fuel cell systems and technologies
SEOUL, South Korea and PRAGUE, Sept. 20, 2024 /PRNewswire/ — Hyundai Motor Company and Škoda Group have signed a Memorandum of Understanding (MOU) to commence collaboration on establishing a hydrogen mobility ecosystem.
The signing ceremony, which took place at the Korea-Czech Republic Business Summit in Prague, was attended by Ken Ramírez, Executive Vice President and Head of Global Commercial Vehicle and Hydrogen Business at Hyundai Motor Company, and Petr Novotný, CEO of Škoda Group.
The MOU covers study on adoption of hydrogen fuel cell systems and technologies, study on adoption of energy efficient solutions for mobility projects and products, and exploring hydrogen ecosystem and value chain opportunities beyond mobility.
“Our partnership with Škoda Group aims to accelerate hydrogen adoption, which would contribute to the advancement of hydrogen technology and carbon neutrality across global markets, including the Czech Republic,” said Executive Vice President Ramírez. “Together with Škoda Group, we strive to lead the rapidly growing hydrogen businesses by creating positive synergies between our fuel cell technology and Škoda Group’s mobility products and projects.”
“We believe that hydrogen, alongside energy-efficient solutions, will play an essential role in transforming mobility for a more sustainable future. Our collaboration with Hyundai Motor Company aims at enabling us to look beyond national borders and explore wider markets where these technologies can have a larger impact. By working together, we can bring innovative, eco-friendly solutions to the global mobility ecosystem, advancing cleaner energy in the areas where it’s needed most,” said Petr Novotný, CEO of Škoda Group.
Both parties share the view that hydrogen will be a key pillar for a sustainable society, starting with mobility. As part of the MOU, the parties will explore the possibility that Hyundai would share its fuel cell system and technology, contributing to the acceleration of eco-friendly mobility across global markets where Škoda Group operates, including the Czech Republic.
Hyundai Motor Company and Škoda Group will also conduct feasibility studies for fuel cell system applications for diverse utilization beyond mobility. Leveraging its global expertise and insights in operating various hydrogen applications in both mobility and energy sectors, Hyundai is poised to play a pivotal role in aiding the energy transition.
Hyundai Motor Group is committed to building a hydrogen society under its hydrogen value chain business brand HTWO, which encompasses the Group’s businesses and affiliates, enabling each stage of the entire hydrogen value chain.
Hyundai Motor Manufacturing Czech (HMMC) in Nošovice, established in 2008, has an annual manufacturing capacity of 350,000 vehicles. Considered one of the most modern car manufacturers in Europe, the manufacturing plant was also the largest foreign investment in the Czech Republic.
– End –
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