The Impact Report

ESG Data and Nasdaq’s Leadership on Enhanced Disclosure Nasdaq has promoted corporate responsibility for over a decade, playing its part in creating a more efficient and sustainable capital market system. Today, Nasdaq Global Head of Sustainability Evan Harvey and his team are at a nexus of companies, regulators, and investors working to enhance environmental, social and governance (ESG) disclosure. Since 2014, the cost of ESG-related scandals and controversies at S&P 500 companies has amounted to $534M losses in market capitalizations—and that number is rising. After California power company PG&E’s recent bankruptcy filing and subsequent stock market plunge, forecasted outages due to risk of wildfires could cost the state economy more than $2B.   ESG is a data-driven attempt to understand long-term performance, and Nasdaq has co-authored reports that assist companies in identifying and disclosing ESG-related factors that are material to corporate performance, as well as addressing the gap in quali