A focus on a single set of standards for environmental, social, and governance metrics could unlock more international investing.
Sustainable investing has taken off in recent years, drawing dollars from more than just Patagonia-loving millennials. But there is a trouble in this apparent ethical asset paradise. With over 600 ESG frameworks in common use, the growing number of socially conscious investors still lack a single reliable source of information on where to put their hard-earned money. (Earlier today more than 50 business leaders said they signed on to ESG reporting standards established last year by the World Economic Forum.)