More sophisticated standards for measuring and comparing the non-financial elements of ESG investments are now required, according to a new report from BNY Mellon. The report, released today, examines how companies can use their own internal data sets as well as external sources such as market research firms or academic studies in order to better understand what is driving investment decisions. The need for more nuanced ways of measuring ESG investing has been increased by the active pursuit of responsible investments that can result in social good.
More sophisticated standards for measuring and comparing the non-financial elements of ESG investments are now required, according to a new report from BNY Mellon. In the absence of common international standards, investors are making such assessments by using industry-level definitions and frameworks in combination with emerging data sources. The need for more nuanced ways of measuring ESG investing has been increased by the active pursuit of responsible investments that can result in social good.