Laura Fisher and Jen Anderson
Published 3 years ago.
About a 3 minute read.
Image: UN COVID-19 Response/Unsplash
As the crisis continues to unfold, ESG topics will continue to grow in importance. Companies will be judged by their ability to withstand financial shocks, but also by how they’ve treated their employees, clients and communities.
Over the past decade, interest in how companies manage environmental, social and
governance (ESG) issues has grown considerably. Investors, consumers and
employees increasingly expect companies to account for issues such as worker
safety, climate change and financial transparency. As the world finds itself in
the midst of a pandemic, these stakeholders are now adding a company’s response
to COVID-19 to the
Specifically, what are they looking for in a company’s response to COVID-19?
Ratings agencies and other organizations are starting to issue guidance. S&P
provided insight on
how it might adjust its ESG evaluation. Sustainalytics has
produced research that
examines the impact of COVID-19 on ESG. The UN Principles for Responsible
published resources for investors to engage
companies around their COVID-19 response.
Based on this information so far, stakeholders will be looking for insight on
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The impacts of this crisis are both immediate and long term. Companies must be
proactive, diligent and dedicated to a business strategy that protects and
enhances recovery — and ultimately, their reputation. Three steps your company
can take today include:
As the crisis continues to unfold, ESG topics, such as the safety of employees
and community engagement, will continue to grow in importance. Companies will be
judged by their ability to withstand financial shocks, but also by how they’ve
treated their employees, clients and communities.
Published May 22, 2020 2pm EDT / 11am PDT / 7pm BST / 8pm CEST
Laura Fisher co-leads the Financial Services and Fintech Practice Group at VOX Global. She’s worked in the financial services space for nearly 20 years — advising Fortune 500, non-profit and government clients in working with the media, engaging key influencers and managing headline risk. She has a keen sense of the banking and financial services competitive landscape and well-developed relationships with the media and influencers who cover the industry.
Jen Anderson is co-leader of the Corporate Social Responsibility and Sustainability Practice Group at VOX Global and leads the firm’s Environmental, Social and Governance (ESG) reporting work. For more than a decade, Jen has helped companies identify and report on relevant ESG topics.