SOURCE: Workiva
DESCRIPTION:
Investors and asset managers are calling for holding board members and senior executives accountable for the management of ESG issues. BlackRock, SSGA, and Vanguard are some of the asset managers who have highlighted the need for board accountability in ESG management.
Individual investors too are demanding more transparent ESG reporting, found a survey that financial reporting cloud vendor Workiva Inc. (NYSE: WK) conducted recently. The survey found that businesses are failing to establish trust among individual investors in how they display ESG data.
ESG information was crucial for making investment decisions by 44% of the investors Workiva surveyed, and 70% of individual investors see displaying ESG data as a part of corporate social responsibility.
Read the full article here.
KEYWORDS: Workiva, esg issues, NYSE: WK
