For almost a decade in this newsletter we’ve brought to you a steady stream of news, research and experts’ perspectives that focus on two related subject areas: (1) the escalating interest in the investment community in corporate ESG factors and adoption of sustainable investing approaches and (2) the corporate response, clearly in recognition of the intensifying competition for capital and so exerting efforts to excel in ESG strategy-setting, operational performance and disclosure.
“The United Nations” began as a World War II era concept as President Franklin D. Roosevelt talked about the allies of the United States partnering in the fight to save democracy and collectively battling the regimes of fascist dictators in Europe and Asia. On January 1, 1942, 26 nations “united” in Washington DC to battle the “Axis” powers. In February the president addressed the nation in his 20th “fireside chat” (broadcasting nationwide on the radio) to talk about the progress of the war.
Common Impact offers companies an opportunity to act on racial justice promises they’ve made to their employees, their customers, their stakeholders and, most importantly, their communities.
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An online day of service in support of Boston and NYC nonprofits | October 2020
Questions: What about the dramatically-increasing corporate ESG / sustainability / responsibility / citizenship disclosure and reporting? Should it be regulated? How? What would be regulated in terms of disclosure and reporting – what should the guidelines for issuers be? Does this topic become an important part of the SEC’s ongoing Reg FD (disclosure) revamping? What do investors want? What do companies want? Many questions!
As the global coronavirus pandemic continues to uproot our normal business, financial, economic and personal pursuits, questions that we could logically ask are (1) what impact does the virus crisis have on the ongoing corporate sustainability / ESG / citizenship efforts; and (2) what is the investor reaction – does the move into more sustainable / ESG investment vehicles continue?
Some answers come from Sanghamitra Saha, of Zack’s, writing in Yahoo Finance – “Here’s Why ESG ETFs Are Hot Amid Pandemic”.
Shorthand terms do matter – the “titling” of certain developments can sum up trends we should be tuning in to. Some examples for today: Sustainable Capitalism - Stakeholder Primacy – Sustainable Investing – Corporate Sustainability. Corporate ESG Performance Factors.
Since the “new world order” ushered in a new era in global trade some 30 years ago with the end of the Cold War, barriers to trade have continued to tumble. “GATT” (the “General Agreement on Tariffs and Trade” rounds of global trade talks that began in 1947) gave way to the World Trade Organization (WTO) in 1995. New rules were applied, and trade continued to become “more liberalized”. Corporate interests responded with dispersal of many their operations.
Business is adapting to new standards set by the novel coronavirus. A major risk during this economic reset is the deprioritization of corporate sustainability programs.
