Past Sustainability to Resilience

Melbourne’s Chief Resilience Officer Toby Kent, for many years one of the world leaders we most admire, has been named Chair of the Future Business Council. We completely agree that the focus of corporate strategy has to be on resilience, the ability to recover and thrive through uncertainty. According to Kent, [A]lthough sustainability and resilience…

Does Sustainable Investing Lead to Lower Returns? – Barron’s

Here’s what ESG integration is really about: From an investor’s standpoint, a sustainable company is one positioned for long-term success, one whose management understands and addresses short-term risks and innovates to exploit long-term opportunities. ESG data are a means that can enable an investor to understand a company’s strategy, corporate purpose, and management quality, at…

Asset Owners Increasingly Rely on Sustainability Indicators

Morgan Stanley’s Sustainable Signals report finds that asset managers are increasingly relying on sustainability indicators. The survey polled 118 public and corporate pensions, endowments, foundations, sovereign wealth entities, insurance companies and other large asset owners worldwide and gathered insights about trends, motivations, challenges and implementation approaches in sustainable investing. By rounding out the sustainable investing…

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”