We use survey methodology to provide insights into the corporate governance preferences and actions of institutional investors. We focus on the two active choices investors have when they are unhappy with a firm: exit and voice. Guided by theoretical models and previous empirical evidence, we develop survey questions that directly assess institutional investors’ preferences and [...]
In investigating the link between ESG and corporate bond performance, Barclays Research constructed broadly diversified portfolios tracking the Bloomberg Barclays US Investment-Grade Corporate Bond Index. They matched the index’s key characteristics (sector, quality, duration) but imposed either a positive or negative tilt to different ESG factors. Barclays research shows that ESG need not be an [...]
Welcome to an interesting afternoon at Scion DTU Research Park, where we host a science based course in how companies can optimise the usefulness of their sustainability report; not the least by incorporating the UN’s Sustainable Development Goals (SDGs). We will provide you with practical tools, and inspire you by showing you some of the best [...]
While research has shown that good stakeholder relations increase the value of a firm, less is known about how specific types of stakeholder governance affect firm value. We examine the value of one such governance mechanism — community benefits agreements (CBAs) signed by firms and local communities — intended to minimize social conflict that disrupts [...]
Since 2009 the Sustainable Stock Exchanges (SSE) initiative has been working in partnership with stock exchanges to develop more sustainable capital markets. To create these markets, sustainable development must be integrated into the mainstream economy. With the historic adoption of the UN 2030 Agenda and 17 Sustainable Development Goals (SDGs), markets have an internationally agreed [...]
Institutional investors are becoming ever more aware of the potential risks and opportunities associated with environmental, social and governance (ESG) factors. From natural resource scarcity to changing governance standards, from supply chain and labor management concerns to evolving regulatory landscapes, it has become increasingly important for socially responsible investment (SRI) professionals to understand the ESG [...]
A growing number of investors are looking for high quality information on a company’s sustainability performance. Earlier this year Larry Fink, CEO of Blackrock, called on S&P 500 CEOs to demonstrate how environmental, social and governance (ESG) factors contribute to long-term commercial success. But new research by Corporate Citizenship, in association with S&P Dow Jones Indices, [...]
