GAO Examines Company Environmental, Social, and Governance (ESG) Factors

On July 6, 2020, the US Government Accountability Office (GAO) released report GAO-20-530, titled “Public Companies: Disclosure of Environmental, Social, and Governance (ESG) Factors and Options to Enhance Them which “… examines, among other things, (1) why investors seek ESG disclosures, (2) public companies' disclosures of ESG factors, and (3) the advantages and disadvantages of ESG disclosure policy options … GAO analyzed 32 large and mid-sized public companies' disclosures on 33 selected ESG topics …” – The report notes that “… Nonfinancial information about how a company does business … could be an indicator of its long-term financial performance; Investors have been asking companies to disclose more on ESG topics … [and] We discussed several options to improve these disclosures …” #PlasticWaste #Recycling #ESG #Sustainability #GAO