The director of corporate responsibility for Nasdaq, Evan Harvey, came to GreenBiz 19 to talk about the rise and value of ESG data. With more positive economic correlations being found between ESG performance metrics and everything between rates of returns, talent retention, less insurance risk, cost of capital and other components, Harvey notes, it feels like there's "a sea change."
For Nasdaq, he says, the company wants better data, is concerned about the voluntary reporting model, finds a lack of harmony between frameworks, but is excited to see the "teasing out of value."
His advice? "Do a materiality assessment."