Survey suggests ESG measurement is considered complex and reliant on manual calculations
New survey of independent research by Landmark Information suggests ESG measurement is considered complex and reliant on manual calculations.
An independent survey of over 200 senior leaders in US and UK corporate businesses, commissioned by data specialist Landmark Information, has found that more than two thirds (68%) believe Environmental, Social and Governance (ESG) management and measurement is overly complex, while 51% struggle with finding consistent data on which to form a reliable ‘score’.
In addition, more than half (59%) are currently measuring and managing their organisation’s ESG performance using manual calculations and reporting, with a further 53% confirming that they are taking time to use multiple online resources to support their overall due diligence process.
In contrast, when asking 100 senior professionals from law firms in the US and UK, almost two thirds (62%) said they struggle most with the process of ESG assessment being time consuming, followed by 53% who felt the complexity of the task is the greatest challenge, with 44% relying on multiple online resources to form the basis of their due diligence.
A virtual event is being hosted by Landmark Information on 27 January 2022 to offer practical advice and examples of how best to conduct effective ESG due diligence. Leading ESG practitioner Paul Davies, from the global law firm Latham and Watkins, will provide insights into the processes and systems they have implemented to conduct effective and consistent ESG research on behalf of its client base.
Simon Boyle, Legal Director at Landmark Information, said:
“ESG is of increasing strategic importance to firms around the globe, however it is clear from our research that there are challenges in not only gathering the data and information needed on which to calculate an accurate performance measure, but the complexity of the task remains a real concern to corporates and law firms.
“Our research also found that corporates believe that greater measurement-focused support is required in their organisation, and that law firms could benefit by offering more to help clients in this field; in fact, a significant 86% of UK and 77% of US corporates think law firms have an opportunity to increasingly advise or support this space.”
To download a full copy of the Environmental, Social and Governance Priorities, Measurement and Risks report, visit: https://go.landmark.co.uk/esg-research-report
To attend the Effective ESG Due Diligence event on 27th January 2022, which takes place at 18:00 GMT, register your details here: https://go.landmark.co.uk/esg-due-diligence-event.
Landmark Information provides an intuitive ESG screening tool – RiskHorizon – which removes the complexity and provides a consistent ESG scoring metric that can be relied upon. For more information regarding RiskHorizon, visit https://www.landmark.co.uk/products/riskhorizon/ or telephone +44 (0)3300 366000.
Kindly shared by Landmark Information
Main photo courtesy of Pixabay
