Excerpt
2021, Paper: "Corporate reporting is expanding due to ever-growing demands from investors and regulators for more detailed and better-quality information beyond that included in financial reports, such as the non-financial information in ESG (environmental, social, and governance) reports. They need this to adequately predict and judge corporate behaviour in view of long-term risks and opportunities related to systemic challenges, such as climate change, pandemics, and global income inequality. The demand for this information has driven the development of a significant number of different frameworks, rankings, standards, and protocols for measurement, and reporting in this area has been chaotic and fragmented. "
Non-HKS Author Website - Robert Kaplan