The Global ESG Monitor (GEM) assesses the ESG transparency of companies around the globe. It does this by examining ESG reports from over 250 companies that are listed on some of the world’s largest stock market indices.
The GEM currently scores and ranks 263 companies based on the quality of their separate or integrated non-financial reporting.
The purpose of the GEM: Why transparency matters
The GEM is founded on the belief that corporate transparency is the foundation to solving local, regional, and global sustainability problems.
- Improves corporate accountability towards stakeholders and society at large.
- Helps companies to identify and address existing and potential sustainability impacts.
- Increases the available data that can be used to solve sustainability problems.
- Builds trust and supports partnership between the private, public and civic sectors.
For this reason, the GEM seeks to track the global state of ESG transparency. The GEM aims to challenge organisations to never cease looking for ways to be more open and transparent with their stakeholders.
An international partnership
In 2019, the Global ESG Monitor (GEM) was conducted for the first time by cometis and KOHORTEN starting with an analysis of DAX® and MDAX®-listed German companies. Following this initial pilot study, cometis and KOHORTEN cooperated to design a proprietary analysis method to be used in future studies – the GEM ASSAY™.
Recognising that ESG issues do not stop at the border, cometis and KOHORTEN (Germany) formed an international partnership with Currie (Australia) and Xenophon Strategies (USA) in 2020. As a result, this year’s research has become global. The Global ESG Monitor now covers three continents and over 250 companies from six of the world’s largest stock market indices.
Making ESG measurable
Measured against what is at stake, transparency and commitment are still too low worldwide. There is still much to be done at every level.Michael Diegelmann, cometis (Germany)
Sustainability cannot be restricted to the boundaries of a stock index or a nation. By “making sustainability countable”, we hope to stimulate competition for sustainable business practices and a more in depth stakeholder dialogue.Ariane Hofstetter, KOHORTEN (Germany)
Global standards make stakeholder dialogue a priority for sustainability reporting, yet a weakness in reporting common to all regions is transparency around stakeholder involvement.Mark Paterson, Currie (Australia)
Greater transparency in ESG improves corporate accountability towards stakeholders and society at large. It builds trust between the private, public and civic sectors.David Fuscus, Xenophon (USA)