More efforts needed from governments, regulators and business to unlock full potential of sustainable finance

Governments and regulators should urgently work together to improve the data used for environmental, social and governance (ESG) investing, according to a new OECD report.
The OECD Business and Finance Outlook 2020 says that ESG investing has grown steadily in recent years, with ESG ratings, indices and other financial products proliferating to meet demand.
Yet market participants across the board are still missing the relevant, comparable and verifiable ESG data they need to properly conduct due diligence, manage risks, measure outcomes, and align investments with sustainable, long-term value.
“Finance has a critical role to play in ensuring a truly sustainable recovery from the COVID-19 crisis that will create better and greener jobs, boost income and lead to more sustainable and resilient growth,” said OECD Secretary-General Angel Gurría. “But finance can only deliver better environmental, social or governance outcomes if investors have the tools and information they need.”

Source:http://www.oecd.org/finance/More-efforts-needed-from-governments-regulators-and-businessto-unlock-full-potential-of-sustainable-finance.htm?