Chapter 3
ESG risk as a new challenge for financial markets
Introduction
More and more institutions have decided to publish reports with non-financial data or integrated reports that contain both financial and non-financial data. It turns out that financial data are no longer sufficient to assess a company’s performance, especially its capabilities and potential. A comprehensive, fair assessment of the enterprise contains not only economic and financial indicators but also environmental, social and organizational order data (Sikacz & Wołczek, 2017). Responsible investing means the consideration of factors related to environmental protection, social responsibility and corporate governance (ESG, the abbreviation ...
