| |
| |
| |
Introduction | |
| |
| |
Major Themes and Messages in This Book | |
| |
| |
A Few Disclosures and Caveats | |
| |
| |
Endnotes | |
| |
| |
| |
Background and Context | |
| |
| |
What Is Sustainability, and Why Is It Important to Business? | |
| |
| |
Why Sustainability Is and Will Remain Important to U.S. Corporations | |
| |
| |
Where We've Been and What We've Learned | |
| |
| |
What ESG/Sustainability Investing Is and Why You May Never Have Heard of It | |
| |
| |
Major Factors, Actors, and Trends | |
| |
| |
ES&G Concerns as Key Requirements and Determinants of Long-Term Business Success | |
| |
| |
Implications for Sustainability Professionals and Others Working on Corporate Sustainability Issues | |
| |
| |
Endnotes | |
| |
| |
| |
ES&G Issues and How They Affect the Business Enterprise | |
| |
| |
Environmental, Health and Safety, and Social Equity Laws and Regulations | |
| |
| |
An Abridged History | |
| |
| |
Corporate ES&G Obligations | |
| |
| |
Legal Liability | |
| |
| |
Stakeholder Expectations and Nonlegal Requirements | |
| |
| |
Costs and Cost Structure | |
| |
| |
Revenue Impacts | |
| |
| |
Organizational Strength and Capability | |
| |
| |
Endnotes | |
| |
| |
| |
Stakeholder Interests and Influences and the Social License to Operate | |
| |
| |
The Social License to Operate | |
| |
| |
Major Company Stakeholders | |
| |
| |
Typical Stakeholder Involvement in and Influence on Corporate Behavior | |
| |
| |
Endnotes | |
| |
| |
| |
Managing ES&G Issues Within the Organization | |
| |
| |
Relationships Among and Between EHS, Social, and Governance Issues | |
| |
| |
Effective ES&G Management Structures and Practices | |
| |
| |
Integrating Sustainability into the Company's "Organizational DNA" | |
| |
| |
Endnotes | |
| |
| |
| |
Investors and the Power of Markets | |
| |
| |
Market Theory and Underlying Assumptions | |
| |
| |
Who Investors Are and What They Care About | |
| |
| |
Size and Composition of U.S. Capital Markets | |
| |
| |
Disclosure | |
| |
| |
Institutional Investors and Fiduciary Duty | |
| |
| |
Traditional and Emerging Security Evaluation Methods | |
| |
| |
Socially Responsible Investing (SRI) and ES&G Investing | |
| |
| |
ES&G Evaluation and Investing Methods | |
| |
| |
Barriers to ES&G Investing | |
| |
| |
International Situation and Trends | |
| |
| |
Analysts, Rating Agencies, Data Providers, and Other Intermediaries | |
| |
| |
Trends and Potential Game-Changers | |
| |
| |
Summary and Implications | |
| |
| |
Endnotes | |
| |
| |
| |
The Financial Impact of Effective (or Ineffective) ES&G/Sustainability Management | |
| |
| |
Insights from the Literature | |
| |
| |
Surveys of Corporate and Investor Attitudes and Beliefs | |
| |
| |
Summary and Implications | |
| |
| |
Endnotes | |
| |
| |
| |
Defining, Measuring, and Reporting ES&G Performance | |
| |
| |
Why Performance Measurement and Reporting Are Crucial | |
| |
| |
ES&G Data, Information, Knowledge, and Insight | |
| |
| |
Major ES&G Data Types and Sources | |
| |
| |
Creating Knowledge and Insight from Corporate and Industry ES&G Information | |
| |
| |
Key Needs and Gaps | |
| |
| |
Sustainability Reporting: Extent of Use | |
| |
| |
Evaluation of Current ES&G Reporting Practices, Limitations, and Trends | |
| |
| |
ES&G Research and Analysis Firms | |
| |
| |
Potential Improvements | |
| |
| |
Endnotes | |
| |
| |
| |
Making It Happen in Your Organization | |
| |
| |
Creating Sustainable Value for the Enterprise | |
| |
| |
Implications for Sustainability Professionals | |
| |
| |
What It Takes | |
| |
| |
Closing Thoughts | |
| |
| |
Endnotes | |
| |
| |
References | |
| |
| |
Index | |