Stakeholders and third-party reporting institutions now demand higher levels of detail and transparency from our organizations. Consequently, corporate sustainability disclosure and reporting has become more mainstream and ingrained within business operations, as well as more complex and time-intensive.
By Mario Abreu, Vice President Environment, Tetra Pak
Sustainability has always been at the heart of Tetra Pak’s corporate strategy, in fact it’s embedded in our brand promise – ‘Protect What’s Good’. I think we’re very influenced by our Swedish heritage, where nature and its resources play a central role.
Materiality is a hot topic in the corporate sustainability world, with CSR teams working hard to meaningfully convey the opportunities and successes of their initiatives to both internal and external stakeholders.
Earlier this year, JetBlue released its 2016 environmental and sustainability report, accompanied by a white paper produced according to the Sustainability Accounting Standards Board (SASB) standard for the airline industry, which covers material environmental, social and governance (ESG) information of interest to investors.
For professionals in the capital markets, and in the corporate sector, G&A Institute and Global Change Associates are teamed to present a one-day professional training program, hosted by Zicklin School of Business at Baruch College/CUNY, in midtown Manhattan. This is an excellent introduction to the application of ESG factors to investment making decisions and corporate valuations. Find out more at https://intro2esg.eventbrite.com
Weatherford considers material Environmental, Social, and Governance (ESG) issues to be those which pose the greatest potential risk to our business, and are important to our key stakeholders including our employees, customers, and shareholders.
In 2016, we strengthened our existing process for assessing materiality by canvassing a broader range of internal and external stakeholders and extending sustainability issues across the whole value chain.
While mega-trends such as urbanization, the digital economy, population growth and a rising global middle class have become a focal point for companies seeking to develop sustainable growth strategies, in reality the world is far more nuanced and complex than most companies are prepared to admit.