We examine the extent to which US Dow 30 companies disclose the Global Core Indicators (GCIs), which are measures to assess companies’ contribution toward the United Nation’s 2030 Agenda for Sustainable Development. We find that the Dow 30 are generally compliant with disclosing GCIs that align with US capital market reporting expectations, high‐profile current events, and issues that are financially relevant. We also find the Dow 30 are more likely to disclose institutional and economic issues, rather than environmental and social issues, and note disclosure variation across industries in which the Dow 30 operate. Supplemental analyses indicate that GCI disclosure levels are generally higher when those GCIs are associated with financially relevant ESG issues, suggesting companies are more amenable to addressing sustainability when doing so aligns with their mandate to shareholders. Correlation analyses reveal that the GCI indices moderately or strongly correlate with two of three MSCI sustainability ratings, highlighting companies’ focus on financially relevant areas, and weakly correlate with companies’ CDP climate change ratings, highlighting the limited scope of the GCIs in capturing detailed environmentally focused sustainability efforts. We also show that the MSCI sustainability ratings of the Dow 30 have generally trended higher over time, with increases driven by companies in the manufacturing, financial, and retail industries. Our findings help fill a void in sustainability literature on US company reporting of the GCIs and may be informative to the United Nations Conference on Trade and Development as it reviews the GCIs in support of the 2030 Agenda.

中文翻译：

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陶氏30指数全球核心指标披露与环境，社会及治理相关评级的分析

我们研究了美国陶氏30强公司披露全球核心指标（GCI）的程度，这些指标是评估公司对联合国《 2030年可持续发展议程》的贡献的措施。我们发现，道琼斯30指数通常符合与美国资本市场报告的预期，备受关注的时事以及与财务相关的问题相一致的披露GCI。我们还发现道琼斯工业平均指数30更可能披露制度和经济问题，而不是环境和社会问题，并注意到道琼斯工业平均指数30所在行业的披露差异。补充分析表明，当这些GCI与财务相关的ESG问题相关联时，GCI的披露水平通常会更高，建议公司在满足其对股东的授权时更愿意解决可持续性问题。相关分析显示，GCI指数与三个MSCI可持续性评级中的两个呈中等或强相关性，突出了公司对财务相关领域的关注，而与公司的CDP气候变化评级呈弱相关，突出了GCI在获取详细的环境信息方面的范围有限专注于可持续发展工作。我们还表明，随着制造业，金融业和零售业公司的推动，Dow 30的MSCI可持续性评级总体上随着时间的推移呈上升趋势。