“I believe the de-carbonization of the global economy is going to create the greatest investment opportunity of our lifetime.” This bold prediction is part of the annual letter sent to CEOs of publicly-traded companies by CEO Larry Fink of BlackRock, the world’s largest asset management firm.
BlackRock manages US$10 trillion in assets (as of end of 2021), of which $500 billion is in sustainable investments. Each year CEO Fink sets out the firm’s “expectations” of the companies it owns and shares perspectives on investment trends for leaders in the corporate sector.
With the global COVID-19 pandemic still disrupting our lives and dominating the headlines, it is understandable that important news about sustainability can sometimes slip through the cracks. The G&A team is pleased to continue to bring you our Highlights newsletter with a round-up of the latest breaking news and trends in sustainability affecting businesses and investors.
Efforts by various international organizations to develop common global sustainability reporting standards continue to run into roadblocks, as different groups propose diverging approaches and methodologies to enhance ESG disclosure.
As reported by Responsible Investor (link below in our Top Stories), the G7 Impact Taskforce that was created in July (under the UK’s presidency of the G7), recently commented about reporting standards being developed by the International Sustainability Standards Board (ISSB), an even newer group launched at COP26 in Glasgow.
Our annual in-depth review of corporate sustainability / ESG reporting trends is here and available for your reading. In our 2021 report, you will find detailed analysis of the reporting trends of the S&P 500® Index and Russell 1000® Index companies, which shows that ESG reporting is increasingly being adopted by mid-cap companies.
GLASGOW, Scotland, November 22, 2021 /3BL Media/ - This week the COP26 news reports coming out of this city seem to be everywhere. The Conference of the Parties (“COP”) is the annual gathering sponsored by the United Nations (this is the 26th) of world leaders in public, private and social sectors, coming together to debate and decide on the future path of the global society’s efforts to address climate change challenges.
The gathering of the family of nations in Glasgow, Scotland for COP26 (the annual United Nations Climate Change Conference) is drawing near. There is an increasing flow of news and opinion related to the big event as the UN, almost 200 sovereign governments, NGOs, corporations, and other constituencies announce a widening range of developments related to the coming summit.
The number of ESG disclosure and reporting guidelines, frameworks and standards continues to expand – here comes the GRI Universal Standards, the SASB XRBL Taxonomy, and much more. The range of available transparency tools is making it more challenging for corporate management and investors to navigate.
Collaboration – Cooperation – Collective Action: buzz words that really matter today as the nations of the world come together to address a wide range of climate change challenges. Public sector leaders, asset managers, corporate boards and managements, NGOs, activists, scientists, and civic leaders in many nations (developed and developing) will participate and/or tune in to the Glasgow proceedings, which have the potential to dramatically impact strategies, plans and programs of many organizations.
When corporate managers talk about their company’s ESG and sustainability efforts it is most often now in the context of “our corporate sustainability journey.” The hallmarks of this journey are continuous improvement in the enterprise’s ESG performance indicators and ever-increasing and more robust disclosure to inform investors and other stakeholders.
The European Union is a collaborative effort of 27 sovereign nations on the continent organized to marshal the resources and collective capabilities of these member states to address economic, military, trade, travel, and other important issues. The EU grew out of early post-WWII efforts to create a “common market” on the continent and to encourage closer peacetime relations among the disparate nations and cultures of western Europe.