Standardising ESG disclosures is a key challenge for the industry to overcome, Hargreaves Lansdown's Emma Wall told the Business, Energy and Industrial Strategy committee today (11 October).
In the BEIS meeting held to "to examine ESG and [the] rise of ethical investment banking", HL's head of investment analysis and research stressed the importance of bringing "some terminology and some homogeny to this industry". Wall gave the example of Tesla, with some ESG ratings agencies ranking the firm as a poor performer on environmental issues due to its reliance on resources extraction in the Democratic Republic of the Congo, while others rate it highly due to being at the "forefront of the electric vehicle revolution". LSE to admit $3bn green bond from Saudi sovereign wealth f...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
