These include the Global Reporting Initiative standards, which date back 25 years; the Sustainability Accounting Standards Board standards, which focus on the sustainability risks and opportunities most likely to affect a company’s financial situation, operating performance or risk profile; and the Financial Stability Board’s Task Force on Climate-related Financial Disclosures , which is based on the four pillars of governance, strategy, risk management and measurements and targets.
In the US, the SEC has proposed new rules mandating climate-related disclosures for public companies, which are also modelled in part on the TCFD recommendations. “If you are in the supply chain of a multinational company, the chances are you will no longer get business without a clear sustainability strategy”
Another aspect of the C-suite barometer worth noting is the most important reasons cited for ESG investment. Brand and reputation, client, and consumer expectations, all ranked ahead of compliance. “Those responses are a little bit concerning,” McKenna notes. “They suggest a defensive position on the part of those companies. But if they don’t have a positive story to tell in relation to ESG, that poses a risk to their brand. The worry is that they will focus on managing the brand rather than investing in the difficult and more complex aspects of ESG.”
Does the ability to buy a home before the age of 50 fit into this model at all?
This is only due to the ESG rating system set in place by the unelected NGO - the WEF. They control companies and governments with carrots and sticks based on their rating. ESG is also why companies are virtuesignalling their Diversity hires (inherently discriminatory).
France Dernières Nouvelles, France Actualités
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