The Shift Toward Environment, Social, & Governance Reporting - What Is It & Why Does It Matter?

ESG is a shift that more and more companies are taking in order to impact the environment and society in positive ways. So much so that the CEO of Blackrock, a firm that manages over $7 trillion in assets, has made ESG (Environment, Social, Governance) a key part of the organization's corporate strategy. With this trend comes the challenge of reporting on ESG. In fact, the four biggest accounting firms in the world have put together a paper that outlines the importance of reporting on ESG.Jim Deiotte, Executive Director of the Master of Professional Accountancy program at the University of California San Diego, Rady School of Management and Allison Hartsoe explore what ESG reporting is and why it matters in this clip from Episode 129 of the Customer Equity Accelerator Podcast. Learn why each of these metrics are important for businesses to not only measure, but to improve upon in today's world. Jim and Allison also highlight how the old way of measuring the value of a company was by taking a look at what they've done in the past. With ESG reporting there's a value that can be attributed based on a company's commitment and transparency on what they plan on doing in the future. Listen to Episode 129: Next-Generation Business Metrics with Jim Deiotte to learn about the future of business metrics.