iCompli Sustainability

24 Feb

1. ESG in quarterly calls: fiduciary duty

When investors ask about water, health & safety, or turnover, it’s code for ESG. Five months ago, the US labor dept approved the inclusion of environmental and social considerations in fund managers’ investment decisions. This will direct multi-trillions of investments toward sustainability and cleantech. Equally important, now is this outcome: The reality is, speaking as a fiduciary, to not systematically analyze ESG performance in the investment process would be a breach of fiduciary responsibility, not the other way,”… Go here for more. Expect an explosion of ESG questions in quarterly calls, as fund managers of all stripes come to terms with the import of this newer role as fund guardians... 

2. Investor advocacy: 'CEO pay grew 997%'

More on fiduciary duty: an investor advocacy group is targeting CEO pay, suggesting that Fund Managers that don’t engage on the issue of CEO pay are ‘asleep at the wheel’. More here.

3. Ozone layer shows signs of recovery: UN 

How timely. With the hard work of Paris/COP 21 ahead, and new GHG regs emerging (Ontario Cap&Trade announced yesterday) our ozone layer sends us a good news signal: international agreements and regional regulations do in fact achieve the seemingly impossible. More here

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18 Feb

1. The new ’Intel Inside’: conflict mineral free

Intel is using conflict minerals regs for competitive advantage, which is exactly what we want to see from innovation-driven brands. After leading the pack on eliminating conflict minerals from its supply chain, (all of its microprocessors were certified conflict-free by 2014), in 2016, their CEO has announced an expansion of the program, and the use of a ‘conflict free’ symbol on their products. Some lead, others follow. More here 

2. Asian Exchanges: from voluntary to mandatory  ESG disclosure

Listed companies on Stock Exchanges of Hong Kong (HKEx) are required to comply or explain on Environmental, Social and Governance reporting, having moved from a voluntary guideline to mandatory reporting at the end of 2015. Expect to see much movement on ESG reporting from global and national brands in Asia as a result. North American brands seeking to do business in these markets can expect to feel pressure to disclose, even if they are not on these exchanges. Similar requirements are evident in Signapore and Taiwan.  More here.

3. Slavery and abuse in your supply chain: material emerging risk for global supply chains 

Global brands with global supply chains are deemed accountable and responsible for all humans who produce materials that end up in their products. Increased public scrutiny of workers’ conditions and forced labor in plantations, fishing vessels and factories,  has opened the eyes of consumers and their legislators in the UK and US. Yet businesses remain largely unprepared to understand or  address the severe reputation risk of public scrutiny of their suppliers. Watch for more legislation around this, as a way for consumers to gain control over their purchase decisions. 

More here.

Need help to get started on reporting?  Our FastTrak Reporting Programis designed especially for companies new to reporting or early in their sustainability journey.




09 Feb
  1. Payroll diversity disclosures – a new requirement in the US?
    At the end of January, the Obama administration moved to require companies to report to the federal government what they pay employees by race, gender and ethnicity. Details in September; first reports due 2017.
    Read more here
    For those who’ve been CSR reporting for years, this will be easy. For first time reporters, not so much.

  2. Exec comp tied to CSR
    Speaking of getting paid, companies are increasingly linking compensation and sustainability progress. In 2014, about 40% of all global companies linked the two for their executives, up from 29% in 2010. In the US that number grew from 15% in 2012 to 24 percent in 2014. More here.
  3. Everyone’s doing it: CSR reporting
    In 2010, about 20% of the S&P 500 issued sustainability reports. Last year that number had jumped to 75%. Clearly, sustainability reporting has moved from best practice to common practice.
    Sustainability reporting can be challenging though even for companies with lots of resources. That’s why iCompli Sustainability has developed a new FastTrak Reporting Program just in time for the 2015 reporting season that brings together the key elements of reporting – Assessment, Data Management, Report Creation and Assurance – under one umbrella. FastTrak is designed especially for companies new to reporting or early in their sustainability journey.
    Learn more here.