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The biggest risk ESG and sustainability investors will encounter is confusion

Wednesday, July 21, 2021

B. G., Opalesque Geneva:

As far as sustainable and ESG finance is concerned, the biggest risk investors will encounter is confusion, according to Dr. Mathew Hampshire-Waugh, director of climate change at Enzo Advisors LLC, a New York-based ESG advisory firm that works with corporations and institutional investors.

It is not just confusion for corporates or investors and financiers but also NGOs and society in general. It is confusion around what is green, what is sustainable, and how that should be accounted for, and measured.

"I had a look through some of the alphabet soup of recommendations and organizations out there in terms of climate change and sustainability," he says during Opalesque's latest Clubhouse podcast. "You've got PRI, PRB, We mean Business, GHGP, EV100, SBTI, IIG, CC, SRI, EU taxonomy… the list goes on. There are about 40 names on that list and these are all organizations doing incredible work."

But he feels like the current style of environmental accounting and reporting is where financial accounting was 90 years ago following the Wall Street Crash. "We know it needs to be done but it is a mess," he adds.

Environmental accounting and reporting should become better standardized and streamlined. And that is happening. There are agreements coming in place and they are all starting to align along vario......................

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