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Sustainability and the supply chain have been under the magnifying glass for some time now: Witness the fashion and textile industries where the 2013 collapse of the Rana Plaza building in Dhaka, Bangladesh, killed more than 1,100 workers at five garment factories.
Capital markets are rewarding companies that explicitly account for ESG factors – and they’re also punishing organisations that get ESG wrong. While Deliveroo’s share price suffered a nearly 30% nosedive on its first day of trading, other businesses get away with lighter financial reactions from the market.
Investment fund managers may succumb to exhaustion when confronting the tiresome array of frameworks, standards, and criteria to use if they want to align their operations and investments with accredited environmental, social, and governance principles.
Online sustainability discussions have started to shape and influence decisions in politics, business and society. In light of the pandemic, there are an array of international topic experts and vocal thought leaders who have successfully established a steady drumbeat of sustainability-related content while building a breadth of followers and an informed community. But what are the conversations and the topics they care about most?
On July 8, Kekst CNC hosted a virtual ESG panel event to discuss the Impact of COVID-19 on ESG Priorities. We were joined by Rob Cameron, Global Head of Public Affairs at Nestlé and Tom Fekete, Head of Sustainable Investing for EMEA and Asia at BlackRock. We asked them to provide their reflections on the ESG findings from the Kekst CNC COVID-19 Tracker Edition 3 (15 June 2020) which summarised data from a representative sample of 6,000 people in six countries - the UK, US, Germany, Sweden, France and Japan about their environmental, social and governance (ESG) priorities.
Three months into the novel coronavirus crisis, it has become clear that ESG (Environmental, Social, Governance) investing is not about to be placed on the backburner during the pandemic. In the first quarter of 2020, a net US$40.5 billion went into funds scoring high on ESG criteria while traditional mutual and exchange-traded funds saw net outflows. Indeed, 94% of sustainable indices outperformed their parent benchmarks in the first quarter 2020, according to a BlackRock study.