HomeEconomyHow New ESG Rules Will Transform The Entire World
How New ESG Rules Will Transform The Entire World
January 16, 2023
ESG is here, and now, it could fundamentally transform the entire Western World overnight. New ESG reporting rules from the European Union (EU) will affect nearly every major American corporation — meaning YOUR life likely will fundamentally change as well.
In this clip, Glenn is joined by The Heartland Institute’s Justin Haskins to discuss these new standards. Together, they explain how the EU’s plan will affect U.S. businesses, how it will affect YOUR life, and why — when it comes to the transformation of society — this is the MOST IMPORTANT story, period…
ESG stands for Environmental, Social, and Governance. Investors are increasingly applying these non-financial factors as part of their analysis process to identify material risks and growth opportunities.
ESG metrics are not commonly part of mandatory financial reporting, though companies are increasingly making disclosures in their annual report or in a standalone sustainability report.
Numerous institutions, such as the Sustainability Accounting Standards Board (SASB), the Global Reporting Initiative (GRI), and the Task Force on Climate-related Financial Disclosures (TCFD) are working to form standards and define materiality to facilitate incorporation of these factors into the investment process.