home
frankly speaking podcast

#51 Richard Hardyment: How to Measure Good Business and Make Sense of ESG Data

Listen to Richard Hardyment, author and head of business engagement at the Institute of Business Ethics

In this week’s episode, Richard Howitt asks: can we believe the numbers on environment, social and governance (ESG)? 

To address this, we welcome Richard Hardyment, a research professional, very used to assessing numbers, but who has just produced a book saying that there is little or no evidence that ESG has and has had any positive outcomes for people and the planet in the real world. And yet he calls himself emphatically pro-sustainability. After directing research at the World Benchmarking Alliance, he is now head of business engagement at the Institute of Business Ethics. His new book is called Measuring Good Business: Making Sense of Environmental, Social and Governance (ESG) Data.

In this episode, you’ll hear more about: 

  • The secret about sustainability reporting numbers
  • The different ways in measuring social and environmental disclosures
  • What makes a good proxy?
  • How to pick up context in sustainability reporting?
  • Can we measure the goodwill of the business?

“I think all the work that's been going on in standards over the last 20 years really is hugely welcome and important. It's been critical in terms of painting a picture for companies and investors, the direction of travel. It's crucial to provide the language in terms of the frameworks, what we mean by these topics, what does human rights mean, what does climate resilience mean and codifying that. And it's been vital in terms of helping businesses allocate resources and do this in an efficient way. And obviously the upcoming regulations are presenting a challenge on that front.”

Richard Hardyment in Frankly Speaking

You may also like these episodes

35:21

#107 Finn Schufft & Emirali Karadoğan: What the German Supply Chain Act (LkSG) Shows About Due Diligence Law in Practice

Has the German LkSG worked so far? Listen to Finn Schufft, Corporate Responsibility Officer at Germanwatch and Emirali Karadoğan, Researcher and Trade Union Expert for the Turkish trade union Tez-Koop-İş

35:14

#106 Alina Laszlo-Orth & Tereza Fialová: How the EU Grid Package Will Impact the Business Energy Transition

Will the European Grid Package secure the EU's energy transition? Listen to Alina Laszlo-Orth, Head of EU Affairs at E.ON and Tereza Fialová, lawyer at the Responsible Energy Team at Frank Bold

37:40

#105 Leo Donnachie & David Němeček: SFDR 2.0 - What Does it Mean for Investors & Sustainability?

What's the verdict on the European Commisson's SFDR review? Listen to Leo Donnachie, Senior Policy Specialist, Sustainable Finance at the Institutional Investors Group on Climate Change (IIGCC) and David Němeček, Senior Sustainable Finance Expert at Responsible Companies, Frank Bold