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.
Bloomberg Now at Midpoint of Reaching 100% Renewable Energy Target by 2025
NEW YORK, 5 May 2020 /3BL Media/ – Bloomberg LP received 48.5% of its energy from renewable sources in 2019, up from 17% in 2018 and exceeding its 2020 interim goal of 35% of renewables use, according to the company’s 11th annual Impact Report released today.
By Piya Baptista, Program Implementation Manager, Global Reporting Initiative
Companies around the globe are facing an unprecedented level of disruption due to the COVID-19 crisis. The economic consequences of the outbreak are already being widely felt. But what about the responsibilities of businesses to look after their workforce? What is clear is that the way they are responding can either alleviate or exacerbate the impact of the pandemic – on employees, their families, and the communities in which they operate.
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.
What might our world look like when the COVID-19 global emergency winds down and we move into the “recovery and restoration” phase? What is in store for business in the transition? And beyond? Looking at risk and opportunity through an ESG lens.
BNP Paribas Asset Management has offered up some important perspectives. ESG analyst Anupama Rames asks and answers: (1) Will the world go back to status quo when we exit the dis-location? (2) Probably not. “We believe,” she writes, “that the learnings from the go-remote experiment are here to stay.”
Deeper engagement with capital markets is helping GRI reach companies across region.
An engagement program with stock exchanges and regulators in Sri Lanka and Bangladesh is enabling GRI to support more listed companies to improve how they report on their sustainability impacts.
The program, with support from Australia’s Department of Foreign Affairs and Trade (DFAT), has been running since 2017. It aims to deliver training and support for companies to encourage them to use sustainability reporting through the GRI Standards as a tool for contributing towards sustainable trade and development.