NYSE Develops Asset Class Tied to Sustainability Amid ESG Push
The goal is to unlock value from natural resources which produce an estimated $125 trillion annually, the companies said in the statement. Under the partnership, IEG will provide reporting metrics that companies follow to help determine the value of the assets, which will then be listed on NYSE. The accounting framework will measure a company’s ecological performance in the same way a business provides balance sheet items such as cash flow and revenue as metrics.
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