At the recent TSSS event (CSR and the Capital Markets – click for event summary) a conversation broke out about the power of corporate innovation to drive change…as you may have guessed, the company being discussed was Tesla.
The point being made by one of the panelists was that the markets can drive great change and can be an excellent way to deal with environmental and social challenges. For the most part, I think everyone in the room agreed but this idea gets tricky when we dig into it a little further.
Also posted in Climate change, Culture and Leadership, Featured Articles, Leadership, new economy, Sustainable Investing, The Hub Tagged capitalism, climate change, free market, government, innovation, private sector, rate of innovation, tesla, tesla time
More questions than answers
There were certainly more questions than answers at the Feb. 5th TSSS event, and the three panelists offered different insights. When moderator Dr. Feltmate asked whether it might be valuable to develop a way of measuring progress of a company in the sustainability realm over time, with a quantifiable index that presents an annual summary score calculation, McPherson answered that this would be important to the corporation for understanding trending, but might not be of interest to the capital markets. (To read Part I of the event summary please click here)
TSSS Event Feb. 5, 2015 – CSR and the Capital Markets with expert panel; Blair Feltmate (moderator) Julie Desjardins, Ian McPherson and Martin Grosskopf.
Sustainability is important to companies but do investors notice or even care?
Martin Grosskopf of AGF addressing the audience at recent TSSS event, “Bay/Wall Street and Sustainability (Feb.5, 2015)
A 2013 United Nations Global Compact survey of one thousand CEOs representing 27 industries in 103 countries found that 93 percent viewed sustainability performance as important to their company’s future success. How can corporations have their sustainable development work more accurately reflected in their stock valuation? Professionals from sectors as diverse as mining, academia, energy, public relations, sustainability, marketing and finance gathered on Feb. 5, 2015 at the offices of Loyalty One in Toronto to explore answers to this question. (Learn more about the event theme and panel by clicking here)
Rewarding the best of the best at the CRRA Awards gives an inkling on sustainability reporting in 2014.
For the last three years my firm (Terrafiniti) has had the distinct pleasure of supporting CorporateRegister.com’s annual CR Reporting Awards (CRRA 15), the unique global, non-financial reporting accolades.
Our role has been to support shortlisting; reading and scoring all awards entries, which gives a fantastic snapshot of current practice in reporting across the world. This year (2014, for the 2015 Awards), the CRRA had a record number of entries, with around 100 organisations submitting reports.