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In the few short weeks since our last report on climate change and the US insurance industry, the volume of climate change news has been extraordinarily high. The range of developments has been broad to say the very least from fund managers announcing new offerings said to be green and sustainable, to critics denouncing fund managers falling short on sustainability, to Aviva, Citibank and Generali (and others) publishing sustainability achievements or new targets to achieve net-zero emissions, to advances by developers and providers of climate change standards and metrics (
Friday, March 12, 2021
In the few short weeks since our last report on climate change and the US insurance industry, the volume of climate change news has been extraordinarily high. The range of developments has been broad to say the very least from fund managers announcing new offerings said to be green and sustainable, to critics denouncing fund managers falling short on sustainability, to Aviva, Citibank and Generali (and others) publishing sustainability achievements or new targets to achieve net-zero emissions, to advances by developers and providers of climate change standards and metrics (
e.g., the Geneva Association, Moody’s), to China reiterating goals to reduce its emissions over the next five years, to the politically charged debate within the US Securities and Exchange Commission (SEC) as to which comes first a new global framework of common metrics and standards to help regulators analyze climate change risk disclosures or stepped-up enforcement efforts.
Date Time
Global Business Leaders Support ESG Convergence by Committing to Stakeholder Capitalism Metrics
· Today, 61 business leaders, including members of the World Economic Forum and its International Business Council (IBC), have committed to the core Stakeholder Capitalism Metrics released by the IBC
· Stakeholder Capitalism Metrics offer a set of universal, comparable disclosures focused on people, planet, prosperity and governance that companies can report on, regardless of industry or region
· The move signals that private sector leaders view environmental, social and governance factors as critical to the success and long-term viability of all businesses and a unified voice is gathering pace on a global solution for non-financial reporting
Mahindra Group and Reliance Industries are two Indian companies that have joined 61 other global firms to commit to the core Stakeholder Capitalism Metrics released by the International Business Council (IBC) at the ongoing World Economic Forum. The metrics offer a set of universal, comparable disclosures focused on people, planet, prosperity and governance that companies can report on, regardless of industry or region. They strengthen the ability of companies and investors to benchmark progress on sustainability matters, thereby improving decision-making and enhancing transparency and accountability regarding the shared and sustainable value companies create. Touching upon the rationale behind becoming a signatory to the Stakeholder Capitalism Metrics, at a panel discussion at WEF, Anand Mahindra, chairman, Mahindra Group said, “As a businessman I look at two factors: how do I grow my business sustainably and how do I meet the need and aspirations of my consumers.” Of the 1.
BBVA se suma al compromiso de publicación de métricas ESG del Foro de Davos diarioresponsable.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from diarioresponsable.com Daily Mail and Mail on Sunday newspapers.