02.17.08
ESG Indices….and thinking through measurements
Standard and Poor’s (S&P) Crisil and environmental and research firm KLD Research and Analytics have launched a new Environment, Social, and Governance (ESG) Index in India (S&P ESG India Index). The new ESG index comprises 50 Indian companies drawn from the largest 500 companies listed on the National Stock exchange - and was a pilot project initiated and sponsored by the International Finance Corp (IFC). As discussion of measurement in the nonprofit sector once again is gaining energy and debate - it’s interesting to think through what we can learn from these new performance indices. As traditional ‘for-profits’ - and those that rate their performance - are beginning to think through how they gain clarity on ‘social, environmental and governance’ metrics - it is interesting to think through how can we build on these and apply them to this emerging “middle space” of enterprises that are pursuing both financial and social returns. What can we learn about what can be comparable in ‘social’ measurement and how (if) it might apply with emergent social capital markets.
