Author: Lukas Herndl | UC Berkeley School of Law | LL.M. Candidate 2019 | Posted: January 8th, 2019 | Download PDF

An increasing number of companies disclose their ESG[1] strategy and related risks to investors and to the public. These disclosures, commonly referred to as sustainability reports, follow a rising demand by investors who see ESG as an important factor influencing the long-term performance of businesses. But since disclosure is not mandatory, a significant number of companies does not report. And absent common guidelines, voluntary sustainability reports are hard to compare and thus have less value for investors. (more…)