In recent weeks, a number of major stocks have faced environmental, social, and governance (ESG) issues, resulting in significant financial consequences. United Parcel Service Inc., the world’s largest publicly traded package courier, issued a profit warning after increasing labor costs, including raising wages for workers and improving working conditions. […] Click here to view original […]
Credit rating agencies are having a busy summer. First it was Moody’s taking a swing at US banks , and now, Standard & Poor’s has announced that it will stop grading the influence that environmental, social and governance factors may have on a company’s credit score. Is this evidence […] Click here to view original
Scrapping ESG credit indicators doesn’t change the ESG rating narrative Read More »
Introduction Governments all over the world are accelerating their implementation of measures to fulfill their obligations under the United Nations Framework Convention on Climate Change ("UNFCCC") and the Paris Agreement, as well as other international legal instruments. Meeting those targets as part of the energy transition necessarily will require […] Click here to view original
SMEs are lagging behind in the corporate quest to implement formal ESG practices, according to recent research – but they are inviting heavy penalties. The majority of SMEs view environmental, social and governance (ESG) programmes as an unnecessary expense and don’t see the benefits, according to the World Economic […] Click here to view original
As the ESG backlash escalated this past year, companies have often felt caught between Scylla and Charybdis, struggling to navigate between the company’s commitment to ESG issues that the company believes will contribute to its long-term performance and benefit investors and other stakeholders, and the opposition that has arisen […] Click here to view original
In January 2023, the European Union adopted the Corporate Sustainability Reporting Directive (CSRD), which requires EU and non-EU companies with activities in the EU to file annual sustainability reports alongside their financial statements. These reports must be prepared in accordance with European Sustainability Reporting Standards (ESRS). On July 31, […] Click here to view original
EU Adopts Long-Awaited Mandatory ESG Reporting Standards Read More »
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