Harvard Corporate Governance

NOVEMBER 27, 2022

on Sunday, November 27, 2022 Editor's Note: Merel Spierings is a Researcher for the ESG Center at The Conference Board. This post is based on her Conference Board memorandum, in partnership with ESG analytics firm ESGAUGE and compensation advisory firm Semler Brossy. Posted by Merel Spierings, The Conference Board, Inc.,

Compliance 351

Compliance Finance Equity Marketability 351

Harvard Corporate Governance

JUNE 17, 2022

Posted by Jessica Ground, Capital Group, on Friday, June 17, 2022 Editor's Note: Jessica Ground is Global Head of ESG at the Capital Group. ESG adoption is on the rise, fuelled by client demand and a desire to make an impact. As ESG momentum continues to gain steam, investors are refining and evolving their strategies.

Alpha 358

Alpha 358

Harvard Corporate Governance

MARCH 26, 2023

Posted by Maureen Bujno and Kristen Sullivan, Deloitte & Touche LLP, on Sunday, March 26, 2023 Editor's Note: Maureen Bujno is a Managing Director, and Kristen Sullivan is a Partner and leads Sustainability and ESG at Deloitte & Touche LLP. This post is based on their Deloitte memorandum. more…)

361

361

Harvard Corporate Governance

FEBRUARY 4, 2023

Posted by Jonathan Bailey, Savannah Irving, Neuberger Berman LLC, on Saturday, February 4, 2023 Editor's Note: Jonathan Bailey is a Managing Director and Head of ESG Investing, and Savannah Irving is an Associate at Neuberger Berman LLC. We engaged on key ESG issues such as climate change, community relations and human capital management.

Marketability 334

Marketability 334

Harvard Corporate Governance

JANUARY 22, 2024

Posted by Matteo Tonello, The Conference Board, on Monday, January 22, 2024 Editor's Note: Normal 0 false false false EN-US X-NONE X-NONE Merel Spierings is Senior Researcher at The Conference Board ESG Center in New York. This post relates to a report authored by Ms.

227

227

Harvard Corporate Governance

SEPTEMBER 13, 2023

As we have noted in our previous report , environmental, social and governance (ESG) issues have garnered significant attention from a variety of stakeholders, resulting in increased reporting by many companies. While much of the focus regarding ESG reporting in the U.S. While much of the focus regarding ESG reporting in the U.S.

231

231

Harvard Corporate Governance

AUGUST 24, 2022

ESG ratings are intended to provide information to market participants (investors, analysts, and corporate managers) about the relation between corporations and non-investor stakeholders interests. Recently, ESG ratings providers have come under scrutiny over concerns of the reliability of their assessments. Demand for ESG Information.

Marketability 351

Marketability 351

Harvard Corporate Governance

FEBRUARY 14, 2023

ESG (Environmental, Social, and Governance) investing—alternatively, socially responsible investing or sustainable investing—is growing rapidly in popularity. In the fourth quarter of 2019, the assets of ESG-based mutual funds stood globally at nearly $1 trillion. whether ESG ratings themselves are financially material).

Finance 252

Finance Equity Marketability 252

Harvard Corporate Governance

FEBRUARY 8, 2024

What is the link between changes in ESG scores and future stock performance? The question is a critical one as investors and firms are increasingly mindful that environmental, social, and governance (ESG) issues can have a material impact on corporate value creation. Bebchuk, Kobi Kastiel, and Roberto Tallarita.

Alpha 214

Alpha 214

Harvard Corporate Governance

AUGUST 22, 2022

Related research from the Program on Corporate Governance includes Paying for Long-Term Performance (discussed on the Forum here ) by Lucian Bebchuk and Jesse Fried; and The Perils and Questionable Promise of ESG-Based Compensation (discussed on the Forum here ) by Lucian A. Bebchuk and Roberto Tallarita. Key Takeaways.

300

300

Harvard Corporate Governance

SEPTEMBER 16, 2022

IMPLEMENTING CYBERSECURITY WITHIN THE NASDAQ ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) FRAMEWORK. This policy brief discusses cybersecurity from the corporate governance standpoint and illustrates how Nasdaq can implement cybersecurity into its ESG Reporting Guide, which is used by many public and private companies globally.

Marketability 325

Marketability 325

Harvard Corporate Governance

APRIL 9, 2023

Environmental, social and governance (ESG) topics are often discussed as if there is a collective understanding about what they mean. The use of ESG as an umbrella term for so many topics has led to misperceptions and, at times, controversy about whether focusing on certain risks and opportunities violates duties to investors.

356

356

Harvard Corporate Governance

MAY 10, 2022

As investors, regulators, and stakeholders increasingly recognize environmental, social and governance (ESG) risks and opportunities as financially material, companies are looking for ways to link management incentives with ESG performance on climate change, diversity and inclusion, and other key issues.

328

328

Harvard Corporate Governance

FEBRUARY 7, 2024

and European managers voting on ESG grew in 2023, but there’s also greater divergence among U.S. Managers’ Falling Support for Key ESG Resolutions Contrasts Sharply With Those in Europe (more…) Bebchuk, Kobi Kastiel, and Anna Toniolo; and Corporate Purpose and Corporate Competition (discussed on the Forum here ) by Mark J.

169

169

Harvard Corporate Governance

MARCH 22, 2023

companies are facing a new challenge in 2023 – communicating their ESG strategies in the middle of an intense anti-ESG political campaign. The Anti-ESG Political Campaign Certain U.S. The Anti-ESG Political Campaign Certain U.S. As a result, many state and federal regulations banning ESG have been proposed and enacted.

252

252

IVSC

MARCH 28, 2024

Environmental, Social and Governance ( ESG ) are defined within IVS as the criteria that together establish the framework for assessing the impact of the sustainability and ethical practices, financial performance or operations of a company, asset, or liability.

Marketability 130

Marketability Business Valuation 130

Harvard Corporate Governance

NOVEMBER 14, 2022

All this evidence shows that either cybersecurity is already part of ESG, and, perhaps, a more appropriate abbreviation should be ESGC. Cyber risk can be as harmful to a company’s reputation and value as any other ESG issue, and the damage is inflicted and experienced in much the same way. more…).

Technology 279

Technology 279

Harvard Corporate Governance

MARCH 13, 2023

Executives, investors, policymakers, the media, and business schools are taking environmental, social, and governance (“ESG”) issues more seriously than ever before. Given ESG’s potential to create long-term value for both shareholders and society, this attention is both much-needed and welcome. more…)

Finance 278

Finance 278

Harvard Corporate Governance

JULY 16, 2022

The regulatory landscape for ESG disclosure by U.S. 1] Against this backdrop, White & Case surveyed the SEC filings of 50 companies in the Fortune 100 to assess the latest trends in ESG disclosure. The regulatory landscape for ESG disclosure by U.S. Survey of ESG Disclosure—2020 to 2022. more…).

317

317

Harvard Corporate Governance

JANUARY 30, 2024

In some ways, 2023 was a challenging year for ESG. This topic can invoke strong and diverse opinions, and debates regarding what ESG should or should not cover, or indeed, whether or not “ESG” itself is consistent with long-term investor interests and the board’s fiduciary duties, proliferated. more…)

213

213

Harvard Corporate Governance

JUNE 1, 2023

While much recent public controversy about sustainable investment focuses on climate change and fossil fuel companies, almost all shareholder proposals from organizations opposed to ESG investment considerations instead are about social policy. Theirs is a “just say no” campaign. Theirs is a “just say no” campaign.

317

317

Harvard Corporate Governance

MAY 22, 2023

Posted by Saskia Kort-Chick, AllianceBernstein, on Monday, May 22, 2023 Editor's Note: Saskia Kort-Chick is a Senior Vice President and the Director of ESG Research and Engagement for Responsible Investing at AllianceBernstein. This post is based on her AllianceBernstein memorandum.

Marketability 306

Marketability 306

Harvard Corporate Governance

NOVEMBER 15, 2023

The following information in this article is intended to provide market context on ESG goal-setting practices and our thinking on key drivers of these market trends. This information may be a helpful resource for companies evaluating their own disclosure practices regarding ESG metrics in incentives.

Marketability 169

Marketability 169

Harvard Corporate Governance

JULY 25, 2023

ESG has increasingly become an area of focus, but responses indicate inconsistency in approaches to address ESG risks. In general, public companies and those with dedicated ESG resources appear to have a better understanding and implementation of ESG measures.

Compliance 200

Compliance 200

Harvard Corporate Governance

JUNE 13, 2022

Related research from the Program on Corporate Governance includes The Perils and Questionable Promise of ESG-Based Compensation by Lucian A. Customers, employees, shareholders, and other stakeholders, are increasingly expecting companies to tackle environmental, social, and governance (ESG) issues. Key Findings. more…).

Equity 306

Equity 306

Harvard Corporate Governance

MAY 24, 2022

Related research from the Program on Corporate Governance includes The Perils and Questionable Promise of ESG-Based Compensation by Lucian A. 1] If this level of inclusion holds for all of 2022, it would represent a significant increase from 2021 when 52% of the S&P 500 reported ESG metrics. Introduction.

Total Shareholder Return 286

Total Shareholder Return 286

Harvard Corporate Governance

MARCH 20, 2024

This focus has led to a significant rise in demand for corporate social responsibility (CSR) that reflects a commitment to balance shareholder value with environmental, social, and governance (ESG) considerations. As interest in ESG performance increases, so too does the demand for information about firms’ ESG behavior.

Finance 130

Finance 130

Harvard Corporate Governance

APRIL 2, 2024

ESG (Environmental Social Governance) is in the crosshairs of a conservative campaign against “woke capitalism”. This is evidenced by an aggressive legislative agenda featuring 181 anti-ESG bills proposed or enacted between 2018 and 2023. Attacks on the legitimacy and practical possibility of ESG are starting to bear fruit.

124

124

Harvard Corporate Governance

JUNE 27, 2022

Bebchuk and Roberto Tallarita (discussed on the Forum here ); Companies Should Maximize Shareholder Welfare Not Market Value by Oliver Hart and Luigi Zingales (discussed on the Forum here ); Reconciling Fiduciary Duty and Social Conscience: The Law and Economics of ESG Investing by a Trustee by Max M. Schanzenbach and Robert H. Background.

Finance 306

Finance Marketability 306

Harvard Corporate Governance

MAY 6, 2022

Bebchuk and Roberto Tallarita (discussed on the Forum here ); Companies Should Maximize Shareholder Welfare Not Market Value by Oliver Hart and Luigi Zingales (discussed on the Forum here ); Reconciling Fiduciary Duty and Social Conscience: The Law and Economics of ESG Investing by a Trustee by Max M. Schanzenbach and Robert H.

Marketability 246

Marketability 246

Harvard Corporate Governance

JULY 27, 2023

Is ESG still a priority or is it losing momentum? In the last year, we’ve seen watershed moments in the world of ESG. In Europe, there has been added pressure on companies to tighten and enhance their approach to sustainability more broadly, without relying on the blanket term “ESG.” Strine, Jr. What are the benefits?

246

246

Harvard Corporate Governance

MARCH 4, 2023

Said simply, it might feel like ESG is everywhere in 2023. More companies and investment funds are adopting programs or policies that are keyed to various ESG measures as they look to drive profitability and improve access to capital. Investors are pushing for information as they develop and refine ESG-based investing strategies.

243

243

Harvard Corporate Governance

JUNE 23, 2022

The meteoric global rise of ESG investing is increasingly being met with an equally ambitious regulatory disclosure regime, and, targeting greenwashing, policymakers are beginning to bare their teeth. These requirements would also extend to funds where the investment decisions incorporate one or more ESG factors. more…).

Marketability 294

Marketability 294

Harvard Corporate Governance

JULY 12, 2022

Related research from the Program on Corporate Governance includes Companies Should Maximize Shareholder Welfare Not Market Value by Oliver Hart and Luigi Zingales (discussed on the Forum here ); Reconciling Fiduciary Duty and Social Conscience: The Law and Economics of ESG Investing by a Trustee by Max M. Schanzenbach, and Robebrt H.

Marketability 332

Marketability 332

IVSC

FEBRUARY 14, 2022

IVSC launches survey exploring the evolution of ESG considerations in the valuation process. ESG comprises three pillars; environmental, social and governance, all of which collectively contribute to effective performance, with p. Alexander Aronsohn IVSC Technical Standards Director (Tangible Assets).

Business Valuation 246

Business Valuation Marketability 246

Harvard Corporate Governance

AUGUST 10, 2023

Litigation and regulatory enforcement actions and threats related to environmental, social, and governance (ESG) company policies, practices, and disclosures have been in the spotlight recently. What kinds of ESG-related enforcement actions has the SEC taken to date? more…)

189

189

Harvard Corporate Governance

MARCH 19, 2023

In the early days, most company Environmental, Social, and Governance (ESG) programs were more akin to Corporate Social Responsibility, with companies publicly highlighting initiatives that benefit their communities. more…)

261

261