The score measures the amount of ESG data a company reports publicly and does not measure the company’s performance on any data point.
For today we decided to bring you a brief overview of Bloomberg’s 2019 ESG disclosure scores of Croatian and Slovenian blue chips. The score ranges from 0.1 for companies that disclose a minimum amount of ESG data to 100 for those that disclose every data point collected by Bloomberg. Each data point is weighted in terms of importance, with data such as Greenhouse Gas Emissions carrying greater weight than other disclosures. The score is also tailored to different industry sectors. In this way, each company is only evaluated in terms of the data that is relevant to its industry sector. This score measures the amount of ESG data a company reports publicly and does not measure the company’s performance on any data point.
ESG Disclosure Scores of Croatian & Slovenian Blue Chips
Source: Bloomberg, InterCapital Research
As visible from the graph, all companies, with the exception of Telekom Slovenije, have increased or retained their ESG disclosure score. AD Plastik leads the list with 2019 ESG disclosure at 55.37. All 3 pillars of ESG disclosure of the company have increased, with Environmental disclosure score at 55.04, Social disclosure score at 63.16 (the highest of observed companies) and Governance disclosure score 48.21.
Next comes Krka, whose ESG disclosure score stayed at 50. Meanwhile the company’s Environmental disclosure score increased by 2.33 points to 55.81, making it the highest rated company in this segment (of the observed companies).
Triglav has the highest Governance disclosure score of 62.5, while their ESG disclosure score amounted to 39.47.
We support the fact that many companies from both Croatian and Slovenian prime market are already disclosing ESG related information, which only seems to be increasing. We also find such practices deeply important not only from an environmental and social standpoint but also as a way for companies to distinguish themselves among many others.
We recently published a blog on ESG and its growing popularity which can be found here.
