Let’s come to our senses about the future. Today we have cleaner air, cleaner water, safer workplaces, and more responsive waste disposal practices. Assets under management that apply many methods to environmental and social governance (ESG) investing have grown to an estimated $23 trillion globally, an increase of more than 600% over the past decade[1]. Stakeholders are appreciative of these efforts and investors have recognized the need.
Why role back the clock? Let our ESG legacy be one of leadership for responsible resource management so that future generations will be able to prosper and look back at and say thank you for all the hard work and letting us tackle the next big issue. At every opportunity we should share with our elected officials and stakeholders the value we place on strong ESG practices and the lack of scientific evidence to roll back ESG policies and regulations. Through the identification and control of ES risks, implementation of outreach programs, and setting realistic regulatory budgets, ESG has been good for society. Our legacy, if we choose it, will be one that has:
[1] Sustainable Funds US Landscape Report, Morningstar Research, January 2018. [2] Core Values and Environment and Social Governance The Building Blocks of Performance, Obbagy Consulting, 2015.
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