Covid-19 Is Raising the ESG Stakes
Unlike in past financial crises, ESG is taking center stage as social and governance data is directly relevant to all companies weathering the coronavirus pandemic. That makes the holes in that data, which still remain, all the more apparent.
For most companies around the world, including financial firms, revenues are down amid the coronavirus pandemic, leading to budget cuts and layoffs. Start-ups are finding it harder to secure funding, while some sectors of the market, such as the emerging area of alternative data, may take a hit. And environmental, social, and governance (ESG) data, which has been gaining wider recognition, may not be immune from reexamination after the crisis abates.
Much of the conversation around ESG has
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