Investors are increasingly relying on nonfinancial performance information, including disclosures by companies about their environmental, social and governance practices, to make their investing decisions, according to a new survey by Ernst & Young.

EY’s Climate Change and Sustainability Services practice polled more than 320 institutional investors, including portfolio managers, equity analysts, chief investment officers and managing directors, for the survey. Sixty-eight percent of the respondents said nonfinancial information frequently or occasionally plays a pivotal role in their investment decision-making. In addition, 92 percent of the poll respondents said public company CEOs should provide an explicit strategy each year for long-term value creation and directly affirm the board has reviewed it.

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