Human tragedy, financial damage, regulatory tightening and people power are driving ESG...the new face of Socially Responsible Investing...up the agenda.
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To mark the release of SRI firm Neuberger and Berman's 2018 ESG Annual Report, today's Weekly Perspectives comes from guest contributor Jonathan Bailey.
"In January, a mining company lost a quarter of its value after a dam failure left hundreds dead. It was the company's second such incident in three years.
In March, 157 people lost their lives in an airline crash - the second crash in five months for a plane that serves as a global aviation workhorse. It raised thorny questions as to safety and regulatory capture and wiped a fifth off the manufacturer's value.
A fortnight later, the European Parliament approved the third and final legislative proposal in the European Commission's Action Plan on Sustainable Finance: a taxonomy of business activities considered to contribute to environmental objectives, and a requirement that investment institutions declare whether or not their processes consider sustainability.
Another two weeks later, the U.K.-based climate change activist group Extinction Rebellion began a series of rolling demonstrations. Before ending last Thursday, they brought much of London to a standstill and clocked up more than 1,000 arrests."
https://seekingalpha.com/article/4257646-earning-sustainable-gains?isDirectRoadblock=true
