ACCORDING to a new global IBM Institute for Business Value (IBV) study, "The ESG Conundrum," executives and consumers perceive inadequate data as a key challenge in making environmentally sustainable purchasing or employment decisions. ESG refers to environmental, social and governance goals.
While an increased focus on environmental sustainability remains a top priority for both groups, inadequate data (41 percent) is the biggest obstacle to achieving personal and corporate ESG goals, followed by regulatory barriers (39 percent), inconsistent standards (37 percent) and skills deficiency (36 percent). Without the ability to access, analyze and understand ESG data, companies struggle to deliver greater transparency to the consumer — a key stakeholder — and meet consumer expectations.
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