This publication marks the second iteration of work produced by UNEP FI AMWG on the financial materiality of ESG issues. For this round, the AMWG requested ten sell-side brokerage houses to write reports across various sectors and matters of relevance. Analysts were given a free hand to cover the areas they felt to be the most important and were not influenced in their choices by the AMWG. To provide an informed and impartial view, CRA RogersCasey18,a US-based investment consultancy firm, was commissioned to comment on whether the documented ESG links to financial value in the research submitted were strong enough to make a convincing case for mainstream investors. The publication has a simple objective: to unequivocally link ESG issues to financial value in such a manner that the mainstream value-driven investor can no longer disregard or dismiss them as irrelevant to investment performance.