NYSE Board Chairman: In terms of American companies, ESG is no longer as followed as before

On December 15, Jinshi Data News, William Purpura, Chairman of the New York Commodity Exchange Council and CEO of the Dubai Great Lakes Trading Group, said that in terms of American companies, ESG is no longer so followed, and the future development trend may also be different. Why is this? William said that firstly, the ESG standards are not clear and ambiguous, which ultimately affects the financial returns generated from this. He pointed out that the biggest source of profit for ESG is actually consulting firms, which help companies with compliance. They have the greatest interest in this regard. 'If we only collect ESG data, it will cost companies about $20 billion. For companies, because they did not have ESG data before, sometimes these data are not necessary and not efficient,' he said.