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SUMMARY: James Mandel, Blackstone’s ChiefSustainabilityOfficer, and Jake Shirmer, a Principal in Portfolio Operations, explain why tracking greenhouse gas emissions is neither greenwashing nor a compliance checkbox. Rightly understood, then, tracking GHG emissions is neither greenwashing nor a compliance checkbox.
One trend discussed in our panel of ESG consultant experts is the shift many companies have made more recently in moving ESG and Sustainability initiatives from where it has traditionally been with marketing communications or corporate foundations, to the C-Suite.
Last year, management consultant Opimas said, more than US$720 million was spent on ESG research and analytics, and more than US$300 million on indexes. . This, coupled with a nascent taxonomy process, makes investors even more than usually vulnerable to greenwashing. . ” – Helge Muenkel, ChiefSustainabilityOfficer at DBS .
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