Post by sweetpea33 on Jan 24, 2024 23:42:02 GMT -5
From the boardroom to Wall Street, ESG is crucial for financial resilience GreenBiz 21 speakers, including S&P Global President Martina Cheung, explore the growing awareness that a focus on sustainable business practices and transparency is integral to long-term corporate health. By Julia Travers February 18, 2021 Money collage Collage based on Unsplash images The ongoing shift to center ESG is driven by multiple forces. Chief among them are a rising demand from the public for transparency and purpose in business and a growing awareness among corporations that sustainability is integral to financial health, according to participants at GreenBiz 21.
The climate crisis, social justice movements and a global pandemic, sustainable investing tactics are increasingly proven to benefit companies’ stability Email List and profitability. In the first, COVID-stricken quarter of 2020, 89 percent of Morningstar’s ESG-screened indexes outperformed their broad market equivalents. And ESG-focused investment funds took in a record $347 billion in 2020. Among the many timely conversations during GreenBiz 21 were sessions that explored how boards can govern amid disruptive risks and the view of ESG from Wall Street.
Both conversations framed ESG as crucial for financial survival and success. How boards can manage disruptive risk Two key takeaways from a discussion about board-level responsibility for ESG issues were that ESG fluency is an essential component of successful contemporary risk management for boards, and that, while boards have made some progress toward embracing sustainability principles within their purview, they still have a way to go. The speakers agreed more boards must recognize that ESG metrics and financial concerns are not disparate. Veena Ramani, senior program director of capital market systems for Ceres, said "companies, particularly large companies, are really, really, really good risk managers.
The climate crisis, social justice movements and a global pandemic, sustainable investing tactics are increasingly proven to benefit companies’ stability Email List and profitability. In the first, COVID-stricken quarter of 2020, 89 percent of Morningstar’s ESG-screened indexes outperformed their broad market equivalents. And ESG-focused investment funds took in a record $347 billion in 2020. Among the many timely conversations during GreenBiz 21 were sessions that explored how boards can govern amid disruptive risks and the view of ESG from Wall Street.
Both conversations framed ESG as crucial for financial survival and success. How boards can manage disruptive risk Two key takeaways from a discussion about board-level responsibility for ESG issues were that ESG fluency is an essential component of successful contemporary risk management for boards, and that, while boards have made some progress toward embracing sustainability principles within their purview, they still have a way to go. The speakers agreed more boards must recognize that ESG metrics and financial concerns are not disparate. Veena Ramani, senior program director of capital market systems for Ceres, said "companies, particularly large companies, are really, really, really good risk managers.
