IBM to Help Support NYSE Listed Companies with their ESG Efforts
IBM News, Monday, April 24,2023
IBM announced hat it is collaborating with the New York Stock Exchange (NYSE), part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, to help support NYSE-listed companies with their environmental, social, and governance (ESG) efforts.
Many businesses are experiencing continued and growing interest from across their stakeholders to be transparent and accountable for reporting on their progress against environmental commitments, their ESG disclosures, and managing climate-related financial risks. In fact, data from the 2022 IBM Institute for Business Value CEO study shows that CEOs are receiving the greatest demands for transparency around sustainability from board members (72%) and investors (57%).
At the same time, the study found that 44% of CEOs surveyed cited a lack of insights from their data as a top obstacle to achieving their sustainability objectives, and more than a third (35%) named technological barriers as a key challenge.