The United Nations members states -- the global family of sovereign nations collaborating peacefully for seven-plus decades to address common challenges -- got good news on its 75th anniversary.
More than one thousand business leaders from 100+ nations endorsed a Statement of Renewed Global Cooperation, pledging to further unite in helping to help to make this a better world…for the many, not the few. Some of the world’s best known brand marketers placed their signatories on the document.
Welcome to Highlights issue #500 – a landmark, we will say, in this, the tenth anniversary year of publishing the G&A Institute’s weekly newsletter. As you see, this is also an enhanced format that is intended to make the newsletter easier to read or scan as well.
Our newsletter is designed to share timely, informative content in topic/issue “buckets” that we think will be of value to you, our reader. So much is happening in the sustainable investing and corporate sustainability spaces these days – we work hard to help you keep up with the important stuff!
Here is the Transition From the Long-Dominant Worldview of “Stockholder Capitalism” in a Changed World
As readers of Highlights know, the shift from “stockholder” to “stakeholder” capitalism has been underway in earnest for a good while now and the public dialogue about this “21st Century Sign of Progress” has been quite lively. What helped to really frame the issue in 2019 were two developments:
There is so much going on in the global sustainability space that we could draw an apt analogy – it’s “like drinking water not out of a straw but a fire hose!”
There are lively discussions going on, centered on improving publicly-traded company disclosure and reporting – and especially ESG reporting…that is, storytelling about the company’s “non-financials” (in accounting-speak).
The proliferation of ESG / sustainability reporting frameworks, standards, information platforms, industry guidance, stock exchange guidance and much more has been astounding in recent years.
This has been a strange summer in the northern climes, as the corporate sector and capital markets players meet the challenges of the corona virus, economic downturn, and civil protests.
In times of crises (and we have at least three major crisis situations occurring all at once to deal with this summer) certain actions may take a back seat. Not so with forward movement of corporate sustainability and ESG/sustainable investing in summer 2020.
The roots of today’s “sustainable investing” approaches go back decades; the organizing principle often was often around what investors viewed as “socially responsible”, “ethical”, “faith-based” and “values” investing. “SRI” over time evolved into the more dominant sustainable or ESG investing in the 21st Century -- with many more mainstream investors today embracing the approach.
It’s been a very busy summer for organizations managing corporate reporting frameworks and standards, for ESG rating agencies, and for multilateral agencies focused on corporate sustainability and responsibility. If you are a corporate manager or a sustainable investment professional, do tune in to some of the changes that will affect your work. Here’s a quick summary:
The question may be going around and answers offered up inside the corporate enterprise as the senior executives and function, business unit and other managers meet the challenges posed by the virus pandemic, related economic disruption and civil protests on a number of topics.
Global warming? Well, we have to say that it certainly is a hot summer in many parts of the world (north of the Equator) and the U.S. National Hurricane Center has a large list of names for the storms to come. That’s Arthur and Bertha on to Vicky and Wilfred – 21 named storms so far, with “Isaias” whipping through and causing hundreds of thousands of homes and business to lose power this past week in the NY region. And it was not even a full hurricane in the U.S. Northeast!
