This ESG Growth Stock Could Soar, According to Wall Street
What is ESG? It stands for environmental, social, and governance, and it's a broad framework that encourages companies to remain conscious of the impact of their operations beyond financial results. ESG investors set criteria for what stocks they buy based on a company's policies and with the hope of influencing a corporation to act responsibly.
New reporting requirements have been proposed by the Securities and Exchange Commission (SEC) in the U.S. that would require organizations to closely track and disclose ESG metrics. In the United Kingdom, some ESG reporting is already mandated for over 1,300 of the largest companies.
It means ESG is set to become a key focus in the corporate arena rather than a sideshow, and new tools will be needed to meet reporting requirements. A leading provider of such tools is Workiva (NYSE: WK), and it's making significant investments to prepare for a world where ESG is front and center. Here's why Wall Street thinks Workiva stock could more than double from where it trades today.
Source Fool.com
