Who Do the Editors of Harvard Business Review Rank Among the World’s Top 100 Performing CEOs?

By Hank Boerner – Chair & Chief Strategist – G&A Institute

If you are a regular reader of these commentaries you will know that there are frequent references to the Harvard Business Review, the Harvard B-School, and prominent Harvard-affiliated voices.

The “HBR”, packed with management best practices content, is well-read by U.S. and global corporate leaders (circulation was beyond 300,000 [paid subscribers] in 2018 with more than 7 million unique visitors accessing content each month).

The magazine publishes an annual list of “The World’s Top Chief Executives”. The rankings, HBR editors explain, relies on objective performance measures over the CEO’s entire tenure, and are not rankings relying on short-term metrics or subjective evaluations.

Important:  Since 2015 the rank is based not only on financial performance but also on the CEO’s companies’ ESG ratings.

Weighted ESG scores has accounted for 20% of each of the CEO’s ranking – and for 2019 rankings, this was increased to 30%.

As a result, Jeff Bezos of Amazon — the top CEO in the rankings since 2014 – was dropped in 2019 rankings because of the company’s low ESG scores.

ESG – Sustainability…matters!

The ESG data providers assisting the Harvard Business Review staff with rankings are Sustainalytics, now owned by Morningstar, and CSRHub.

Keep in mind well-regarded ESG / sustainability academics are part of the HBR ecosystem: George Serafeim, Robert Eccles, John Elkington, Andrew Winston, and others.

The 2019 rankings were:

#1 position, Jensen Huang of NVIDIA (classified as an IT firm, U.S.A. headquartered.
#2 – Marc Benioff, Salesforce, IT, U.S.A.
#3 – Francois-Henry Pinault, Kering, Consumer Goods, France.
#4 – Richard Templeton, Texas Instruments, IT, U.S.A.
#5 – Ignacio Galan, Iberdrola, Utilities, Spain

The story and 2019 list are available here: https://hbr.org/2019/11/the-ceo-100-2019-edition

These days we’re watching for the HBR Top 100 CEO list for 2020 – Stay Tuned!

The Young People Move to the Streets to Protest Slow or Lack of Action on Climate Change Challenges…

by Hank Boerner – Chair & Chief Strategist, G&A Institute

When our young people take to the streets in significant number, there is usually a revolution of some type in store, history tells us.  Revolutions belong to the young, we can say with some certainty if history is our guide. 

Think: Young “Minutemen” in the American Revolution, youngsters on the barricades in the French Revolution, counter-sitters and marchers in the Civil Rights protests in the American South. 

Dramatic change followed these protests. And now, we watch the young men and women in the streets of Hong Kong.

So what to make now of at least four million young men and women flooding into the streets and plazas of large cities and local communities around the world to “protest” their views of “inaction on climate change challenges” by those adults in charge (government and business, especially).

In New York City, Rome, Amsterdam, Tel Aviv, Madrid & Barcelona, Montreal, Berlin, Vienna, and many other of the world’s cities, on September 20th hundreds of thousands of young people rallied in protest and called on leaders to protect our planet. 

There were marches, music, signs of all sorts, speeches, and other public expressions intended to draw attention to the dangers posed by climate change.

A real crisis in our time and a dangerous threat to the young men and women and their younger peers in the decades ahead!

As symbol of the moment, climate activist Greta Thunberg (at age 16) boldly sailed over the seas from her home in Sweden (rather than take a jet airplane) to get to New York City for the celebration of Climate Week and the gathering of leaders at the United Nations General Assembly).

In interviews she commented that she does not understand why world leaders — including the President of the United States — would mock children and teenagers for acting on science that advances evidence that climate change is real – and dangerous for humanity and our planet.

But business is responding – and investors and the public sector, too. 

In one of the focus features we bring you this week, in the Harvard Business Review author Andrew Winston tells us what 1,000 CEOs really think about climate change and inequality. (We know Winston from his best-seller, “Green to Gold”.) 

He reminds us that nearly 200 CEOs working through the Business Roundtable (BRT) declared that business is no longer just about maximizing shareholder profit.

Many more hundreds of CEOs are in agreement and many are focused on climate change.  Are we moving fast enough? 

A report from UN Global Compact and Accenture (“The Decade to Deliver: A Call to Business Action”) presents the views of more than 1,000 global executives on their views of sustainability.

All of the large-cap company CEOs interviewed believe that sustainability issues are important to the future success of their enterprises.  The biggest challenge is climate change. 

This week our Top Stories (plural) are presented as snapshots of where we are as consumers, investors, government leaders and yes, business leaders, focus on sustainability and especially climate change matters.

An appropriate footnote:  in rural Southwest Montana, a participant in the local rally by mostly young people had this to say in a letter to the editor of the Bozeman Daily Chronicle in response to criticism of the young peoples’ rallies:  

“Climate change is not a political issue. It is a life or death issue. Our children are asking in what way school matters when our future is disintegrating before our eyes. 

“Children have as much right and reason to march anyone.  They march because they can still see possibility, opportunity and reasons to fight four just futures. 

“Next time, maybe you should join us to understand what our kids are marching for.”

Our offerings for you this week:

After strikes, youth climate activists keep pressure on leaders
Source: Reuters 

What 1,000 CEOs Really Think About Climate Change and Inequality
Source: Harvard Business Review

Business leaders join the UN Global Compact Leaders Week to address climate crisis and advance the SDGs
Source: UN Global Contract

Banks worth $47 trillion adopt new UN-backed climate, sustainability principles
Source: UN News 

Markets face major risks over lax climate forecasts, top investors warn
Source: Reuters 

The second-largest gift to a US university was pledged to Caltech. It’s being used for climate research
Source: CNN 

Climate Activism Requires More Than Just Sustainability Statements From Brands
Source: Ad Week 

Most of world’s biggest firms ‘unlikely’ to meet Paris climate targets
Source: The Guardian 

Lead on global climate change and sustainability
Source: St. Peter Herald 

Editorial: Climate Week 2019
Source: Advanced Science News 

Climate crisis seen as ‘most important issue’ by public, poll shows
Source: The Guardian