Once upon a time in the early days of jet travel, business travelers accounted for three-quarters or more of the total passenger business of the major U.S. airlines (known as “trunk” carriers back in the day). Fares were long set by Federal regulation and family-friendly, tourista-friendly fare packages were scarce or non-existent. Airlines relied on the “have-to-travel-for-business” crowd.
The challenge is identifying which ESG products are leveraging meaningful data and analysis in a thoughtful way, consistent with the investor's philosophy
Environmental, social and governance investment strategies continued to enjoy a significant increase in assets, rising $8.7 trillion in just two years to $12 trillion in the U.S. alone, according to a 2018 report from the US SIF Foundation. And the ESG trend may be fueled over the next few decades as $30 trillion of private wealth passes to the next generation.
June 20, 2019 - Global health service company Cigna released its 2018 Cigna Connects Corporate Responsibility Report providing a comprehensive view of the company’s approach to Cigna's environmental, social and governance (ESG) strategic initiatives and performance.
The interest from the investment community in ESG disclosures is growing at a rapid pace, with no sign of slowing down. The shift is requiring more parts of the organization to be involved, with levels of transparency being asked that simply wasn’t before. What do investors expect and how do all stakeholders push ESG disclosure forward?
Corporate managers & executives: is your board “sustainability/ESG fluent”? And if not – why not?
Attorney Silda Wall Spitzer and John Mandyck, CEO of Urban Green Council, writing in Harvard Business Review explain that while “some” board members have become increasingly “sustainability/ESG fluent” many companies [still] don’t expect their directors to understand sustainability or ESG and don’t provide board room education on the subject matter.
Inaugural Environmental, Social and Governance Report (ESG) outlines how Walmart drives change in the industry and creates shared value
June 7, 2019 - In May, Walmart Inc. (NYSE: WMT) issued its inaugural Environmental, Social and Governance (ESG) Report, which details the company’s goals, progress and achievements for fiscal year 2019 toward its commitment to activate climate change initiatives, enhance sustainability in supply chains and increase economic opportunity for associates.
Walmart is disclosing progress to date in several areas including:
The importance of sustainability reporting and ESG disclosures is increasing across the globe. Investors, NGOs and other key stakeholders are requesting greater transparency and disclosure – and this is impacting Board-level discussions within companies, across all industries.
June 5, 2019 - Johnson & Johnson (NYSE: JNJ), the world’s largest and most broadly-based healthcare company, today released its Health for Humanity Report detailing the Company’s annual progress in its environmental, social and governance (ESG) focus areas: advancing better health for all, investing in our people, maintaining responsible business practices, and safeguarding the environment.
There is encouraging news for sustainability professionals coming from the world of stock exchanges this month. The NASDAQ Exchange just published its guide for listed companies – as well for privately-owned firms as perhaps future IPOs for NASDAQ listing – for companies’ public ESG reporting. This is the “ESG Reporting Guide – A Voluntary Support Program for Companies”.