Decoding ESG discrepancies

Looking at sustainability risks and opportunities is complicated, compared to more traditional financial analysis. There is no standardised process for what companies disclose and the metrics they use. Future legislation should help but, for the moment, investors will have to rely on voluntary disclosures. Bloomberg’s set of waterfall fields can aid this analysis, standardising the various measurements companies use in reporting sustainability data. The lack of requirements and standardisation result in related but distinct disclosures for a given metric, together with low levels of disclosure....