ESG News

February 2021

Boards Are Obstructing ESG — at Their Own Peril
Harvard Business Review

In a recent Harvard Business Review article, Inherent Group Advisor Tensie Whelan, Clinical Professor for Business and Society at NYU Stern School of Business, posits that many boards have little ESG-related expertise and many do not even recognize the need to pay attention to material sustainability issues.   She concludes stating that ensuring good performance on material ESG issues is not only a board’s fiduciary duty, important to investors and the public, and supportive of long-term strong financial performance; it is critical to a company’s relevance in a world increasingly suffering from ESG-related crises.  A sustainable corporate sector starts at the very top.  Read the full piece here.

 

October 2020

PRI Publishes Third Quarterly Report on Credit Ratings Agencies’ Progress on ESG Factor Integration
PRI

The PRI aims to provide market participants with a comprehensive resource on ESG-related activities at Credit Ratings Agencies (CRAs). This quarterly report compiles CRA's latest resources as a tool in market participants' ESG integration process. It also allows CRAs to showcase their ongoing efforts to be more transparent about how ESG factor affect credit opinions and how research around ESG credit-relevant topics is improving. See the report here.

ESG and the Earnings Call: Bringing the Metrics and the Narrative Together
Shared Value Initiative

Brian Tomlinson of CEO Investor Forum and Tensie Whelan of NYU Stern, Center for Sustainable Business and also an advisor to Inherent Group have some executive-ready recommendations for solving the problem of “two separate narratives” in corporate disclosure with “one telling how profitable a company is, and the other highlighting whether the company is good for people and planet.”  Read more here.

August 2020

Vital Farms Announces Closing of Initial Public Offering
WSJ

Vital Farms, Inc. (Nasdaq: VITL), a Certified B Corporation that offers a range of ethically produced pasture-raised foods nationwide, announced the closing of its initial public offering on August 4, 2020. Read more here.

June 2020

Proposed New ERISA Rule and Sustainable Investing

Forbes contributor Bhakti Mirchandani details the US Department of Labor's proposed rule clarifying the application of the fiduciary duties of prudence and exclusive purpose under ERISA to pension plan sustainable investments in the article titled How To Read The Proposed New ERISA Rule And What It Gets Wrong On Sustainable Investing.  She notes "the Secretary of Labor and more broadly the Department of Labor’s failure to acknowledge the causal link between long-term social and environmental issues and the retirement security of American workers is surprising. It’s even more surprising in the midst of a pandemic and on the eve of a climate crisis."

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