Blog posts which motivated me to compose the project are:
- ESG -- Environmental, Social and Governance
- SDG -- Sustainable Developmental Goals
- GRI -- Global Reporting Initiative
Sustainability standards refers to the ESG guidelines outlined by GRI. Organisations report their non-financial impacts according to the GRI framework They could be briefed as follows:
- Environmental - E
- building economic growth within environmental degradation limits, i.e., keeping water, soil, air & biodiversity (wildlife) clean
- Social - S
- focusing on maintenance and prosperity of the employees and their communities,
- Governance - G
- developing ethical standards of administration within the organisation
- Determine correlation betweeen ESG performance (acc. to GRI?) and Stock performance
- Develop dashboard to view ESG performance at par with Stock performance
Value creation & ESG Reporting by Organisations do NOT CORRELATE with GRI standards and sometimes stagnates performance
Value creation & ESG Reporting by Organisations do CORRELATE with GRI standards and leads to resilient performance
- Organisation's stock performance defines the economic growth of that entity.
- Organisation's Annual sustainability reports are based on GRI standard framework and are updated.
- I understand that there could be several possibilities to show the growth of an Organisation.
- This is my attempt to focus on one aspect of growth identifiers.
- Hence, showing the correlation between following a global ESG standard framework (GRI) and Long-term value creation.
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MODULE 1 - Coalesce top 100 companies list from dataset 💾
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MODULE 2 - Collect Annual Sustainability reports of these companies
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MODULE 3 - Process the reports to identify Key Sustainability Indicators (KSIs)
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MODULE 4 - Categorize KSIs into industrially acknowledged impacts:
- EnvironmentaL - impact on land, air, water and ecosystems
- Social - impact on employee and their families' lifestyles
- Governance - impact of company policies governing the management of above two impacts
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MODULE 5 - Build Dashboard to visualize Stock Market performance based on their KSIs
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MODULE 6 - IF & Wherever possible, Identify :
- Proxy data provided by services to companies
- Outsourcing ESG activities, such as purchasing carbon offsets without improvements in Company's Sustainability