Investors & Climate Change – Leading Institutions and their Growing Networks are Urging Expanded Corporate Disclosure

June 28 2021

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

What about the steadily-rising investor expectations for the corporate sectors’ climate change actions and expanded ESG disclosures?

We are able to more closely examine the rising expectations of leading asset owners/key fiduciaries and their asset managers to understand the investors’ views on the ESG / sustainability disclosure practices of issuers they provide capital to.

This includes keeping close watch on individual institutions and especially the collaborations of investment organizations they participate in.

For example, this news out of London: Some 168 investors hailing from 28 countries are now collaborating to urge companies with “high environmental impact” to use CDP’s system to disclose their environmental data.

And note:  The companies being targeted by investors represent US$28 trillion in market cap and emit an estimated 4,700 megatonnes (Mt) of carbon dioxide equivalent…every year.

The investor collaboration is part of CDP’s 2021 Non-Disclosure Campaign, created to put pressure on companies that have not disclosed their carbon emissions through CDP or have discontinued the practice. Beyond carbon concerns,

CDP and its collaborating investors and investor groups are also zeroing in on companies with forest or water security concerns. (Note that some firms disclose to CDP on one theme of concern to the investor but not others – some companies report on climate change but not on water or forestry issues.)

Targeted companies for investor action in the U.S. included at the “top of the As” are such firms as Apple, Amazon, Aramark, Abbott Laboratories, Activision Blizzard, Albemarle Corp, and Alliant Energy. In Switzerland, Alcon; in Sweden, Alfa Laval Corporate AB; in Canada, Allied Properties REIT; in Brazil, Ambev S.A.; in the U.K., Arrow Global Group. The complete list is available here for your searching.

The bold name asset management firms joining the CDP campaign for greater corporate disclosure this year include HSBC Global Asset Management, Legal and General Investment Management, Nuveen, and Schroders.

Investors supporting the campaign include asset managers and separate activist investor collaborations that are part of The Investor Agenda, which has produced a comprehensive framework recently for these investors (HSBC Global Asset Management, Legal and General Investment Management, Nuveen.)

This effort was founded by seven partners including Ceres, CDP, UN PRI, and UNEP Finance Initiative. In the United States, National Association of Plan Advisors, The Forum for Sustainable and Responsible Investing  (U.S. SIF) and Interfaith Center on Corporate Responsibility (ICCR) have joined the effort.

The approach is to set out “expectations” in four areas:

  • corporate engagement,
  • investment (managing climate risk in portfolio),
  • enhancing investor disclosure, and
  • policy advocacy (urging actions to drive to the 1.5C pathway). Part of this is an urging of governments to take action to address climate change, moving toward this year’s COP 26 gathering in Glasgow.

The CDP Non-Disclosure campaign is now in its fifth year, enjoying a 39% year-on-year growth in investor participation since the start in 2017, with investor participation up more than 50% since 2020.

This effort is part of a broad movement of investor participants and investor alliances aiming to drive change in the companies they provide capital to, as governments, investors and corporations adopt goals to be part of the societal move to achieve “Net Zero” by the year 2050.

These alliances include the Glasgow Financial Alliance for Net Zero (GFANZ), gathering signatories to set science-based targets (SBTs).

Members of GFANZ include 43 banks participating in the Net Zero Banking Alliance (NZBA). The United Nations convened the NZBA to aim for a carbon-neutral investment portfolio by mid-century and will leverage the CDP campaign to target specific companies not disclosing their environmental data.

The opportunity for corporate managements to respond to the CDP disclosure campaign and be eligible for scoring and inclusion in CDP reports is at hand; the CDP disclosure system is open until July 28, 2021.

Here at G&A Institute, our team is assisting our corporate clients in responding to this year’s disclosure request from CDP.

For corporate managers: If your firm received the CDP request for disclosure for 2021 and you have questions about responding, or about your responses in development, the G&A Institute team is available to discuss. Contact us at info@ga-institute.com.

The details of the CDP campaign and the broad investor network focused on climate change actions and disclosure is our Top Story selection for you here.

TOP STORIES

A record 168 investors with US$17 trillion of assets urge 1300+ firms to disclose environmental data (Source: CDP

And more on the ESG disclosure front:

House-Approved Legislation Would Mandate ESG Disclosures (Source: National Association of Plan Advisors)

What’s the plan? Corporate polluters lag on setting climate goals (Source: Reuters)

COMMIT!Forum is Fast Approaching — New Venue, New Conference Managers, Innovative Approaches, Great Conversations…

The October 2017 Event Will Convene in Washington DC’s Maryland suburbs — New Venue is the fabulous MGM National Harbor.

 

Posted August 1, 2017
By Hank Boerner – Chair & Chief Strategist – G&A Institute

The annual COMMIT!Forum has set the pace for Corporate Responsibility / Sustainability / Public Affairs / Corporate Communications professionals and their peers as “the place to gather” for a decade and more.

This is the longest running CSR / CR event and is part of the range of activities that were put in place and managed by the SharedXpertise Media LLC organization.

In April 2017, 3BL Media Group acquired the COMMIT!Forum — along with management of membership group, the Corporate Responsibility Association (CRA); the CRA webinar series; and publication of the influential CR Magazine.

You probably know the widely-recognized “100 Best Corporate Citizens” rankings — senior corporate management actively pursues this important CR Magazine recognition.

The professional membership CRA will now be managed by a unit of 3BL, the Corporate Responsibility Board.

The good news is that COMMIT!Forum conference is now under the innovative, very savvy management. The theme of the upcoming October 2017 event:

Brands Taking Stands – the Role of the Corporate Responsibility Practitioner as Companies Make Their Voices Heard.

The annual conference brings together CR practitioners, corporate communications officers, heads of foundations, not-for-profit leaders, sustainability pros, and media representatives.

The 2017 conference will feature 10 “issue tables,” to emphasize the value of networking and peer-to-peer sharing — these will be moderated by professional subject matter experts (SMEs):

  • Topic 1: Data Driven Content Strategies; Storytelling that Works
  • Topic 2: NextGen Reporting in a Changing Cultural Landscape
  • Topic 3: Emerging Social Influence on Supply Chains
  • Topic 4: CR Impact on Talent Acquisition and Retention
  • Topic 5: Lead or Follow: Relevance in the E-World
  • Topic 6: Where Are You? Your Company’s North Star on SDGs
  • Topic 7: Risk and Rewards of Taking a Stand
  • Topic 8: Engaging Your Stakeholders in Digital Advocacy
  • Topic 9: Partner Matching: Activating CR Initiatives and the Imperative of Collaboration
  • Topic 10: Materiality Assessments to Supply Chain Management: Digital Platforms that Drive Success

Finalists for the coveted Responsible CEO Award will participate in panel discussions and one-to-one interviews; these provide valuable insight into successful programs at companies where “purpose is integral to culture and mission,” conference organizers note.

The COMMIT! meetings have traditionally been held in New York City; this year the event moves to the MGM National Harbor, just outside of Washington DC and convenient for Amtrak travelers all along the Washington-NYC-Philadelphia-Boston business corridor.

Prestigious brands: CRA member flagship companies include: Marriott; Visa; IBM; Adobe; AT&T; Hess; Sprint; PwC; Gap; Intel; Johnson Controls; Aramark; Smithfield; and many more — representatives of these companies will be at the COMMIT!Forum.

G&A Institute team has enjoyed a long-time partnership with 3BL Media The going back to the days of both companies’ founding and has long been a sponsor of the COMMIT!Forum meetings.

G&A Institute team members — including EVP and Co-Founder Lou Coppola – will be active participants at COMMIT!Forum.

We are offering today to our connections a special offer for Early Bird registration:  10% off early bird pricing for COMMIT!Forum (extends through August 15th for you).

Save an additional 10% using G&A’s discount code “G&A2017CF” when you register at commitforum.com

The G&A Institute team looks forward to seeing you at the conference – -the latch key is out!

About 3BL Media Group
The 3BL team provides a multi-channel news and content distribution platform for corporate clients, including Report Alert, Triple Pundit, CSR Wire, SocialEarth, Just Means, and, of course, 3BL Sustainability Communications platform.

A new business unit is the Corporate Responsibility Board LLC, housing COMMIT!Forum, the CR Association, and CR Magazine. 3BL’s Dave Armon is CEO (before joining 3BL he was COO of PR Newswire).