One of the corporate sustainability journeys that we point out in our conversations with corporate managers is Novozymes, the Danish biotech company. The “do well by doing good” global business enterprise has an interesting history and a rich legacy of addressing societal challenges. Today, Novozymes leverages its technologies to address “challenges and solutions” in various industries and sectors (including energy, agriculture, pharma products, chemicals, and more).
On Wednesday, May 18th, GRI opened the first day of its 5th Global Conference titled “Empowering Sustainable Decisions”, in Amsterdam, welcoming 1,200 delegates from 77 countries. Amsterdam is a beautiful city with old buildings, canals, bridges and more bikes than the eye can see! Sustainability is built into the bricks and mortar that make up the city, and it’s evident everywhere from the lack of plastic, to the right of way for bikes, beautiful greenery, public transit system, and the community like feeling that you can sense among the citizens of the city.
As the dialogue between company and investor base increasingly focuses on the materiality of corporate information, and the call for greater transparency – “what matters” to both corporate board and C-suite and the institutional investor base?
At G&A Institute we continue to look at the S&P 500® universe of companies in two groups: those companies that have published in some form a sustainability, corporate responsibility, citizenship or some related titling to publicly disclose important data and narrative on their ESG strategies, actions, performance and achievements. And, a second group, those companies that do not disclose / report on ESG factors.
What may sound at first glance to be “touchy-feely” management advice turns out to be solid guidance to corporate executives and managers strategizing about “bullet-proofing” their companies and brands for the immediate and the long-term. Dimitar Vhalov, the Director of Content for Sustainable Brands, explains in our Top Story the importance of “purpose” for companies as the enterprise is made more resilient and focused as part of “future-proofing,” especially for brand marketers.
Many businesses over the past three decades have reshaped themselves, becoming “multi-national enterprises” (MNEs in NGO-speak), thanks in great measure to the advances in information and other technologies, where everywhere is a keyboard click away for communication, and to the end of the Cold War in 1989-1990. Corporate organizations have also become “flatter,” with power and influence dispersed (more) to the far reaches of the operations or supply chain footprint.
The Fourth Industrial Revolution is upon us, writes Tim Nixon, managing editor at Greenbiz. He sees the important characteristics of the revolution including greater overall transparency and much more information made available in business and other walks of life; and, disruptive technology accelerating to send ripples of change throughout society. Imagine disruption on steroids. The major players in the revolution are investors, customers and regulators.
The boards of directors of publicly-traded companies have considerable influence over the many duties and responsibilities for the corporation to attend to. Among them is oversight of risk (the two halves of risk: risk or threat and opportunity inherent therein). We put effective risk management as one of the over-arching elements of corporate sustainability and responsibility. What better way to address risk management duties at board level than to focus on the company’s ESG strategies?
Results Show Higher Trust for Firms Reporting on Their Sustainability Journeys New York, NY - March 24, 2016 -- Continuing the in-depth analysis of S&P 500 (r) companies' sustainability reporting activities, Governance & Accountability Institute teamed with the Trust Across America / Trust Around the World program to explore potential relationships of the trustworthiness of companies that do and do not report utilizing the TAA/TAW's proprietary FACTS® scoring. FACTS® analyzes approximately 2000 US based public companies on five quantitative indicators of corporate trustworthiness.
For institutional investors, the key benchmark for many professionals is the S&P 500®, which is considered to be the best single gauge of large-cap U. S. equities. More than US$7 trillion in Assets Under Management are benchmarked to this index, including indexed AUM of $1.9 trillion. In all, the S&P 500 captures 80% coverage of available market cap.