Financial Materiality
UNEP FI is currently preparing MAT2 - The Materiality of Environmental, Social, and Governance Issues to Equity Pricing in 2005, for release in Q2, 2006.
MAT1 - The Materiality of Environmental, Social and Governance Issues to Equity Pricing in 2004
In 2004, the members of the UNEP FI Asset Management Working Group (AMWG) contended that the research provided by stock analysts was generally inadequate concerning social and environmental issues and their impact on company competitiveness and valuation.
In order to respond to their concerns, leading brokerage houses were asked to explore and document the materiality of environmental and social consideration.
11 houses agreed and subsequently published reports on seven industry sectors. These reports were then reviewed by the Asset Management Working Group member firms.
The resulting report, "The Materiality of Social, Environmental and Corporate Governance Issues to Equity Pricing" (PDF: 1.1 MB), was launched at the Global Compact Leader’s Summit on 24 June 2004, in New York.
Complete Brokerage House Analyst Reports (2004)
As summarised in "The Materiality of Social, Environmental and Corporate Governance Issues to Equity Pricing" (PDF: 1.1 MB)
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