Banking News

Global ESG company reporting guide launched by NASDAQ

Global ESG company reporting guide launched by NASDAQ

(16 May 2019 - USA) NASDAQ has announced the launch of its new global environmental, social and governance (ESG) reporting guide to support public and private companies.

The 2019 ESG Reporting Guide includes the latest third-party reporting methodologies set to be adopted by corporates with the stated aim of helping companies navigate evolving standards on ESG data disclosure, regardless of geography or market capitalisation.

The ESG Reporting Guide was originally introduced by NASDAQ in Q1 2017 to support the group’s Nordic and Baltic companies in their search for a more meaningful and sustainable connection with investors. ESG reporting is encouraged but not a formal listing requirement, and use of the NASDAQ ESG Reporting Guide is a completely voluntary initiative. It is intended to act as an informal reference guide for companies looking to leverage ESG reporting as a way to improve operations, enhance strategy, broaden risk oversight, or engage with new investors. The global version of the ESG Reporting Guide is based on three key developments:

- Rise of new reporting frameworks, including the Task Force on Climate-related Financial Disclosures and the UN’s Sustainable Development Goals
- Guidance and best practices provide by the World Federation of Exchanges
- Results of NASDAQ’s year-long ESG reporting pilot program

“ESG data points have become essential tools, not only for investors seeking performance indicators, but also for companies trying to increase operational efficiency, decrease resource dependency, and attract a new generation of empowered workers. Our global ESG Reporting Guide is intended to serve as a resource for today’s corporate leaders to create a world in which all market participants are able to share in economic opportunities” stated Nelson Griggs, NASDAQ Stock Exchange President.

“Our expanded ESG Reporting Guide integrates the latest reporting standards and long-term-focused methodologies and aims to further encourage companies in addressing critical ESG matters, such as capital markets and investor strategy, talent acquisition and retention, and supply chain oversight and responsibility. Our team remains fully committed to taking a leading role in facilitating ESG practices, disclosures, and dialogue between investors and companies" said Evan Harvey, NASDAQ Global Head of Sustainability.

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