Environmental, social and governance, or ESG, issues are getting more airtime this earnings season as investors seek out healthy businesses that can drive long-term value creation.
The outperformance was initially attributed to underexposure to the energy sector, which cratered in Q1. As a fuller picture emerges, a bigger driver appears to be a strong focus on workers, customer relationships and governance.
“This should be a warning sign,” says Lila Holzman of As You Sow, which last year filed a shareholder resolution asking DowDupont to address flooding risk.
For shareholder activists, Lee Raymond would be a trophy head.
A handful of philanthropic foundations have committed themselves to align 100% of their endowments with their social impact missions. Even before most of them reach that goal, some foundation leaders are raising the bar.
Even before the COVID crisis, this year’s annual general meeting season was shaping up as pivotal.
Governments are not the only source of quick liquidity in the COVID crisis.