To enable companies to better understand how they compare to their peers and industry, and to help improve their ESG strategy and practices, Broadridge Financial Solutions has introduced a new web-based ESG disclosure and data analytics benchmarking tool.
According to the firm’s announcement, the ESG Analyzer allows companies to “seamlessly view” all their ESG metrics in a single dashboard and compare their data side-by-side with peer companies to better understand how stakeholders are viewing their ESG performance.
For more than 5,000 North American companies, the analyzer compares company policies and disclosures on more than 385 ESG topics, including:
- Environmental: Energy and climate change, policy and reporting, resource management
- Social (community): community development, product, human rights and supply chain
- Social (employees): compensation/benefits, diversity, labor rights, training, health and safety
- Governance: Board, leadership ethics, transparency and reporting
Examples of questions and topics that a company could search include how it compares:
- on its total direct emissions (MTCO2e);
- in fostering employee engagement in voluntary community work;
- on average hourly wages for hourly employees; and
- in percentage of females on the board of directors.
The ESG Analyzer also tracks disclosures across ESG frameworks, including:
- SASB: Sustainability Accounting Standards Board
- GRI: Global Reporting Initiate
- TCFD: Task Force on Climate Related Financial Disclosure
- SFDR: Sustainable Finance Disclosure Regulation
- UNGC: United National Global Compact
“This is the perfect tool for management to understand their strengths and weaknesses on ESG issues, enabling them to see how they compare to peers and create a plan to improve their performance and disclosures where needed,” stated Joseph Vicari, Vice President and Practice Lead, Corporate Issuer at Broadridge.
