Why It's Time for Boards to Take a Stand on Sustainability

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Why It's Time for Boards to Take a Stand on Sustainability

by Dr. Bob Eccles, Chairman of ESG Quant Fund Manager, Arabesque Partners.
tweet me:
.@AtlasCopcoGroup's board is 1st to take stand on #sustainability in #AnnualReport http://bit.ly/1UUx0aM via @Forbes @rgeccles

Summary

The world’s foremost expert in integrated reporting, Professor Bob Eccles, has noted that governance of material sustainability issues needs to be strengthened, and that the commitment must start with the Board of Directors. Atlas Copco is the first company to publish a Board-level “Statement of Significant Audiences and Materiality” in its Annual Report. The Statement campaign has been gaining momentum and will take the integrated reporting movement to the next level, by creating a formal commitment to integrating environmental, social and governance issues within the company strategy. Atlas Copco strives to create shared value, and has used a stakeholder-driven approach to identify the most material sustainability topics to guide its long-term strategy, as is summarized in its Statement.

Read Atlas Copco’s integrated Annual Report here.

Wednesday, March 30, 2016 - 12:45pm

CAMPAIGN: Sustainable Innovation at Atlas Copco

CONTENT: Article

Executives at the world’s biggest companies, as well as those at the largest international asset owners and managers, are recognizing that “sustainability” is something that can no longer be compartmentalized in a specialist department that often has “second-class” citizenship status in the organization. Instead, material environmental, social, and governance (ESG) sustainability issues are increasingly being factored into corporate and investment strategies at the highest level. It is resulting in genuine sustainable strategies, instead of mere sustainability programs that are viewed as side shows to the company’s business. And evidence is mounting that sustainable strategies generate long-term financial returns. These strategies executed at scale by the world’s largest companies and investors will also contribute to planetary benefits, as laid out in the Sustainable Development Goals ratified by the Untied Nations in September 2015, and as committed to in the Paris COP21 climate change accords.

Read the article in its entirety on Forbes.com.

Keywords: Responsible Business & Employee Engagement | Atlas Copco | Dr. Bob Eccles | Environment | Forbes | Research, Reports & Publications | Responsible Production & Consumption | Sustainable Finance & Socially Responsible Investment

CAMPAIGN: Sustainable Innovation at Atlas Copco

CONTENT: Article