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The CFA Institute predicts ESG growth (2023)
| Environmental, social, and corporate governance |
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| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • ESG legislation tracker • Economy and Society: Ballotpedia's weekly ESG newsletter |
The gold standard of financial certification, especially for asset managers, has for decades been the Chartered Financial Analyst (CFA) designation, which is awarded by the CFA Institute in Charlottesville, Virginia. The CFA Institute has supported the ESG investing framework over the last several years, following trends in the asset management business. Now, the institute predicts the framework will grow in importance and relevance in the coming years, according to its managing director for research, advocacy, and standards:
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A partisan squabble over the merits of environment, social and governance (ESG) performance disclosures and their consideration in investment decisions in the United States will not derail the global trend towards more ESG disclosures and considerations, according to an industry expert. “Right now there is a lot of noise in the US, because you have not only the federal government, but the 50 states also have a lot of say on disclosures by companies that do business in those states,” Paul Andrews, the Washington DC-based managing director for research, advocacy and standards at global investment professionals body CFA Institute, told the Post. “There are a handful of states that are very much against disclosures on sustainability and ESG,” Andrews said. “That to me is a lot of [noise]. But if you look at the bigger picture … it is clear … [there are] more disclosures and more resources are being put into a green-energy agenda.” … Andrews commended bourse operator Hong Kong Exchanges and Clearing (HKEX) for swiftly launching proposals mid-April to upgrade the city’s climate-related disclosure requirements, to align with recommendations made by the International Sustainability Standards Board (ISSB). It would have been even better had HKEX concurrently proposed the adoption of a separate set of sustainability disclosure standards published by ISSB, he added.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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