There are many different ESG frameworks and industry initiatives that offer various approaches to measuring and reporting on ESG data.
Frameworks offer a broad set of principles to help stakeholders understand ESG risk and value creation. Frameworks (regulatory or voluntary) and industry initiatives help standardize ESG reporting and disclosure and help stakeholders better understand the material impacts of ESG factors on a company.
The ESG Data Convergence Initiative is a private equity industry-led effort to drive the convergence of meaningful ESG metrics and generate comparable, performance-based ESG data. The initiative strives to create a critical mass of meaningful, performance-based ESG data from private companies by converging on a standardized set of ESG metrics for private markets.
The Principles for Responsible Investment (PRI) is a United Nations-supported initiative that works to understand the investment implications of ESG factors and support its international network of signatories.
ESG4VC is a non-profit organization focused on assisting venture capital firms and their portfolio companies with integrating climate, diversity, data privacy, digital rights, and cybersecurity policies and practices in order to accelerate their growth responsibly.
The Global Impact Investing Network (GIIN) is the global champion of impact investing. Impact investments are investments made with the intention to generate positive, measurable social and environmental impact alongside a financial return. The GIIN offers the IRIS+ system to support the practice of impact investing and promote transparency, credibility, and accountability in the use of impact data for decision-making across the impact investment industry.