Stakeholders’ environmental perceptions affect the bottom line, Deloitte says
According to a report from Deloitte, an organisation’s understanding of how its stakeholders (including shareholders) perceive and value the organisation’s environmental, social and governance (ESG) issues can lead to financial benefits. The study (1980-2009) found that investors reacted more strongly to negative environmental news with each passing decade. On the other hand, positive news on a company’s environmental behaviour produced an average increase of 0.84% in stock price.
Research & Policy
Taskforce to encourage Government to boost green investment
A business taskforce has been created to encourage the Government to bring in policies that will help to move the UK towards a circular economy. ‘The Circular Economy Taskforce’ has support from the UK Department for Environment, Food and Rural Affairs (DEFRA) and other leading businesses and organisations and the idea is that it will feed in policy ideas to Government.
G20 Inclusive Business winners announced
The Group of 20 has announced the winners of the ‘G20 Challenge on Inclusive Business Innovation’. The G20 defines inclusive business models as those which help companies turn under-served populations into dynamic consumer markets and diverse new sources of supply. The Challenge was a global search for businesses with innovative, scalable, and commercially viable ways of working with low-income people in developing countries.
International Business leaders sign UN water scarcity communiqué
The chief executives of GlaxoSmithKline, Nestlé, Coca-Cola and Shell are among 45 companies who have signed a special Communiqué on water security produced by the UN Global Compact. The chief executives pledge to expand their own water management practices and outline a range of public policy actions they say governments should take to help tackle water insecurity and ensure the capabilities of the private sector are best exploited to address the issue
Rio+20: Coke, Unilever, Other Giants Lead Natural Capital Initiative
The Coca-Cola Company, Dow Chemical and Duke Energy are among 24 major companies that have agreed to develop a methodology to assign value to the world’s forests, freshwater and marine systems. Membership organisation The Corporate Eco Forum and conservation organisation The Nature Conservancy are leading the ‘Valuing Natural Capital’ initiative, announced at the United Nations’ Rio+20 Earth Summit.