Europe’s new sustainability regulations such as the Taxonomy and CSRD come with a risk: they may turn corporate sustainability into a “numbers game” with compliance being the main (and sometimes only) goal. We risk ending up with lots of reporting but too little actions. European companies face a wave of sustainability regulations, most notably the […]
ESG
ESG investing in a changing regulatory environment: investing in active or passive ESG financial products?
The impending climate crisis emphasizes the need to mobilize large-scale investments to finance the transition towards a more sustainable and inclusive economy. The financial sector plays a pivotal role in this context, as it allocates capital from investors who wish to pursue financial and non-financial objectives to corporations and stakeholders who need these resources to […]
Better than nothing but still “exSASBerating”!
BlackRock, the world’s largest asset manager promises to leverage its weight and voting power for more consistent and comprehensive corporate reporting on sustainability. And this includes corporate lobbying.
Regulating 300,000 Years – Nuclear Waste, Sustainability and the Need to Talk to the Distant Future
Whenever we think about regulating sustainability problems, we usually think about the here and now or at least about the not too distant future. Even with regard to climate change, which clearly is a problem for future generations, regulators have a time horizon of not more than 30 or 40 years.
UN Global Compact Silently Expels More than 2,300 Non-Business Participants
The UN Global Compact continues to “clean up” its participant base. The initiative reported to have 5,332 non-business participants (e.g., global and local NGOs and associations) in its October Bulletin, while its November Bulletin lists 2,983 active non-business participants. Hence, the Compact seems to have expelled more than 2,300 non-business participants for failure to submit the required “Communication on Engagement” report in the beginning of November. This is almost 43% of all non-business participants.
UN Global Compact Expels More Participants than New Participants Join
In October 2015, the UN Global Compact, the UN’s flagship initiative for corporate responsibility and sustainability, has expelled 130 firms for failure to report on implementation progress. During this month only 116 new businesses joined the initiative. This is third month in 2015 that the initiative had to expel more participants than new participants joined (after January and September).