For several decades now, investors have increasingly focused on issues involving executive compensation. Remember Graef S. Crystal? Back in 1992 the former compensation consultant to the largest corporations became an activist focused on “excess” pay arrangements for U.S. corporate CEOs (his book was “In Search of Excess – the Overcompensation of American Executives”).
Among the fascinating – and horrifying – environmental-focused stories we see now on a regular basis are those about the “Pacific Gyre” -- that floating (and quickly becoming “a semi-continent” of garbage and waste) in the Northern stretches of the vast Pacific Ocean.
One of the long-term success stories in U.S. manufacturing is that of Ingersoll Rand, with history dating back to the 1870s as the Industrial Revolution gained great momentum in North America.
The company’s products were needed by other industrial revolution companies (such as compressors), by mining companies (rock drills), and in various elements (locks and more) of the b-to-b market. When the Panama Canal was being built by the U.S., Ingersoll Rand drills were on the job.
There are a number of “best of” lists that corporate managers and investment professionals scour to see what companies are judged to be doing well (by the list makers)…whether they be industry peers & competitors, or possible acquisitions or partners, and for investors, whether the listed firms might be the right choices for investment portfolios.
Many people in consumer marketing are wondering! In these weekly commentaries the G&A Institute team offers media and experts’ shared perspectives on various issues and matters related to corporate sustainability, responsibility; and, sustainable, responsible and impact investing.
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.
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.
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”.
For the eighth year, the G&A Institute research team has examined the ESG, Sustainability, Responsibility & Citizenship disclosure and reporting practices of the S&P 500® Index companies and determined for year 2018 that 86 percent of the almost 500 public companies were publishing reports in various formats for public viewing.
These days the comparisons of companies in sectors and industries and among investment peers (those companies chasing similar sources of capital) are continuing to gain momentum. There are numerous third party players busily analyzing, measuring and charting company ESG performance and producing scores, rankings, ratings and various kinds of comparisons (company-to-company, company to industry etc) for their investor-clients (asset owners and managers).