David Webber on Employee-Funded Capitalism: “Labor’s Last Best Weapon”

In the subtitle of his highly recommended new book, The Rise of the Working-Class Shareholder, David Webber calls employee pension funds “Labor’s Last Best Weapon.” He says that working-class employees could be a powerful force for sustainable economic growth through their pension funds. In an interview, Webber talked about the opportunities and challenges in making the…

Disclosure Is About Risks And Opportunities, Not Politics

Felicia Jackson writes in Forbes: Climate and environmental information reporting is becoming mainstream. The focus on risk disclosure means it doesn’t matter whether you believe in climate change or not – what matters is transparency about corporate risk.As Richard Samans, Chairman, CDSB and Managing Director, Head of Policy and Institutional Impact at the World Economic…

Exxon sees global oil demand plunging by 2040 under climate regulations

Exxon Mobil Corp said on Friday that it expects global oil demand to drop sharply by 2040 if regulations aimed at limiting the impact of greenhouse gas emissions on climate are fully implemented….But Exxon stopped short of laying out how efforts to limit carbon emissions could impact its business, data long sought by some shareholders….

New ABA Report on Climate Change and Sustainability Financial Reporting

VEA Vice Chair Nell Minow co-wrote one of the articles in this new American Bar Association report with 5050 Climate Project Executive Director Edward Kamonjoh. Also included, George Dallas on “Climate Change as a Matter of Corporate Governance: An Investor Perspective.” “Climate Change and Sustainability Financial Reporting”

Sample Sustainability Disclosure: Host

Corporate Responsibility. Our corporate responsibility strategy focuses on a set of complementary objectives across three themes: Responsible Investment: During the acquisition of properties, we assess both capital investments that may include sustainability opportunities and climate change related risks as part of our due diligence process. During the ownership of our properties, we seek to invest…

New York City pension system to analyze carbon footprint | Reuters

New York City’s $170.6 billion pension system will analyze its carbon footprint for the first time amid concerns of potential investment risks from companies that fail to adapt to climate change, its custodian said in a statement on Thursday.<PTrustees for the five funds that make up the system selected Mercer Investment Consulting LLC to determine…

Center for Audit Quality: the First Decade

The Center for Audit Quality celebrated its 10th anniversary with a conference that included assessment of its progress since it was created in response to the Enron-era series of accounting failures and some thoughts about upcoming developments. Unabashedly committed to the notion that accounting is “a force for good,” director Cindy Fornelli emphasized the profession’s…

Three Steps Boards Should Take to Monitor Sustainability

Evan Harvey, Nasdaq’s Director of Corporate Responsibility, defines sustainability across three critical areas: Environmental (“Issues we readily associate with sustainability”) — Emissions, carbon usage, recycling, waste water, water usage, etc.Social (“How you treat people”) — Benefits, programs, human resources, policies that attract a diverse and innovative talent pool, etc.Corporate Governance (“The structure of your corporation”)…

Karla Jo Helms on CSR as a Brand

VEA Vice Chair Nell Minow interviewed Karla Jo Helms for the Huffington Post: Karla Jo Helms, CEO of Tampa Bay-based international PR firm JoTo PR, says many companies are missing opportunities to tie national or community-focused programs to the company’s bottom line. She says that 91% of global consumers will switch to brands that support…

Alan L. Beller: Making Sustainability Reporting Work for Investors and Companies 

Alan L. Beller, a director of the Sustainability Accounting Standards Board (SASB), writes about the efforts to quantify sustainability in financial reports. [I]n the 21st century, financial information doesn’t provide a complete picture of corporate performance….73 percent of institutional investors indicated that they take sustainability (environmental, social, and governance) issues into account in their investment…