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ESG

09 Sep 24

Beyond ESG’s ‘bureaucratic’ outlook: The allure of ‘sustainability’ to the markets

Consumers increasingly go for environmentally and ethically sustainable products. A 2020 McKinsey US consumer sentiment survey showed more than 60% of respondents preferring to pay more for a product with sustainable packaging. A NielsenIQ study found that 78% of US consumers saying that a sustainable lifestyle important to them. ESG’s beginning traces back to a […]
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24 Jul 23

Target flies into an unlikely marketplace and crash- lands packing a $10B loss in ten days. What are the lessons?

As pride month looms around the corner in the US, it’s the predicament of the seventh largest retailer Target (officially Target Corporation) that has become the latest siren call in a series of Brand martyrs on the altar of inclusivity. Target, the widely known retailer, is also well known for fashionable clothing. In keeping up […]
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22 Jun 23

The oil that sustainability cannot do without for a clean energy future – Part III

● Sri Lanka’s FDI propositions Stronger ESG numbers in a country help spur investors towards it as they sustain their confidence. The World Bank’s ESG Data Portal is an online data platform and provides “sovereign-level environmental, social and governance (ESG) data” – meaning it provides country-by-country macro data on the three pillars of ESG-Environment, Social and […]
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08 May 23

How the Collapse of Credit Suisse Has Highlighted the Unsustainability of ESG, the Global Sustainability Figurehead

 Recently, Switzerland’s second-largest bank, Credit Suisse, collapsed after more than 160 years of its historic existence. Credit Suisse’s unexpected demise sent shockwaves across the global banking structure and cast a dour shadow on the all-time renowned Swiss banking system as well. “Credit Suisse’s … willingness to engage with clients that some other banks avoided…lost billions […]
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01 Feb 23

From CSR to ESG and then?

Back in the day, way before Sustainability or ESG concepts hit the mainstream, the ‘go to sustainability practice’ of many brands was Corporate Social Responsibility (CSR). In 1953, Howard Bowen (considered as the father of CSR) defined it as “the obligations of businessmen to pursue those policies, to make those decisions, or to follow those […]
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20 Jan 23

FESG; the Materiality of Money

Materiality does not flow only along non-financial aspects such as “diversity”. Financial Materiality too is important and is now gaining rapid acceptance amonginvestors who assess ESG performance. If an issue can impact the company’s financial performance, such an issue is a Financial Material Issue. A hefty, regulatory fine for ‘corporate misbehavior’ could be considered as […]
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04 Jan 23

The “Governance Materiality”

The governance materiality pillar focuses on shareholder’s rights, board diversity, executive compensation, alignment of compensation to company’s sustainability performance, and “matters of corporate behavior” such as anti-competitive practices and corruption. It should be noted that some Companies may interchangeably use “Governance Materiality” along the lines of CSR. If the Board does not support governance materiality, […]
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