- Increasing accountability to employees, customers, suppliers and communities shouldn’t mean decreased accountability to shareholders. Especially when some shareholders are the ones who have been arguing on behalf of the interests of those other stakeholders.
- The statement from nearly 200 CEOs redefining ‘corporate purpose’ to include customers, workers, communities and suppliers, along with shareholders, catches them up with business leaders, not to mention impact investors. Put another way, the Business Roundtable is a lagging, not leading, indicator.
- As the world’s largest asset manager, with a $6.5 trillion portfolio, BlackRock “has the power to lead globally to address climate risk, yet to-date it remains a laggard,” says Tim Buckley of IEEFA.
- The deal is Moody’s second recent acquisition focusing on sustainability data amid growing investor demand for transparency and more sustainable investing products.
Schiemann, a longtime GE executive, faced a classic “innovator’s dilemma” in nurturing GE Solar within the corporate giant since 2012.
- The high-level coordination behind the effort, Goldstein wrote on LinkedIn, “is a recognition that two factors, inclusive growth and climate transition, “had become significant drivers of growth, risk, and operational efficiency for businesses and investors and thus, for Goldman Sachs.”
- In practice, producing reliable and comparable data about corporate environmental, social and governance, or ESG, performance has been anything but simple.