The big news of this week: The USA is now “officially” withdrawing from the Paris Accord on Climate Change. The one-year countdown to “USA out” is now underway.
In 2015 as the representatives of almost all of the nations of the world gathered in Paris, France for “COP 21” (or “the UN Climate Change Forum, the 21st yearly meeting of the Conference of Parties), an important agreement was reached: the 196 nations would work together to attempt to limit global warming to below 2-degrees Celsius (3.5-degrees Fahrenheit) – or at least to not above 1.5C (2.7F).
Climate Change and Corporate Reporting – the two terms are increasingly coupled now as many more investors and stakeholders are requesting information from publicly-traded companies about their awareness of, and strategies & actions for addressing the many risks posed to the enterprise by climate change.
Important sea change: many more investors are now asking companies for information about their preparation for climate change and some, demanding a report if none has been issued.
There are many voices raised now and joining in the public dialogues on corporate sustainability, citizenship, responsibility, ethics, governance…and more. These fit into the commentary stream on the future of capitalism -- and how to make it work for everyone.
There are rigorous companion dialogues – rapidly growing in number -- related to the role of sustainable investing as many more asset owners and their managers adopt new approaches, many focused on corporate ESG performance and outcomes. We see this as further reinventing of capitalism. Do you?
The United Nations Population Prospects 2019 tells us that there will be nine billion souls to feed on this Good Earth by year 2050 (up from seven billion-plus of us today). The greatest growth will be in Asian nations (such as India, China) and on the African continent.
We’re all consumers of one type or another.We buy food and beverages, electronic products, and an assortment of apparel and footwear products. So the questions come to mind…
What are you wearing? Is it fashionable? Stylish? And sustainable (as a product you want or need)? Sustainably and responsibly produced? In a global (mostly invisible) supply chain that you could say with certainty is “well supervised and responsibly managed”?
When young people take to the streets in significant number, there is usually a revolution of some type in store, history tells us. Revolutions belong to the young, we can say with some certainty if history is our guide. (Think: American Revolution, French Revolution, Civil Rights protests in the American South. Dramatic change followed these protests.)
For many years, our references to “generation” usually meant that we were speaking about the people living (and able to act) at the time. For example, President Franklin Delano Roosevelt in 1936 on accepting his party’s nomination to a campaign for second term, ended his remarks with this: “There is a mysterious cycle in human events. To some generations much is given. Of other generations much is expected. This generation of Americans has a rendezvous with destiny…” President Roosevelt was a progressive and liberal leader.
A decade ago, two large institutional investors (PGGM Investments and APG Asset Management and Maastricht University (The Netherlands) launched “GRESB” to try to develop more efficient access to comparable and reliable data related to the ESG performance of their investments. (GRESB=Global Real Estate Sustainability Benchmark.) The initial research for the approach was done by Dr. Nils Kok and Sander Paul van Tongeren.
The Business Roundtable is an organization of CEOs of the largest companies in the U.S.A. -- firms that generate a combined US$7 trillion in revenues, employ 15 million people, invest $ 147 billion annually in R&D, and provide healthcare and retirements benefits for tens of millions of Americans.
Member companies operate in every one of the 50 states and through the organization top business leaders work to influence major societal issues (tax policy, infrastructure needs, trade and other issues).