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January 8, 2018

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2017’s Top 10 Sustainable Business Stories – HBR Author Andrew Winston Weighs In – What Are Your Top 2017 Stories?

Once again, the authoritative Harvard Business Review weighs in on corporate sustainability with a commentary piece on the top trends of 2017 – with “big leaps both forward and backward” in the year just concluded. And there was some predictability, writes author Andrew Winston in his commentary, as he says he predicted:  “…the context for sustainable business in 2017 may center on the competition between two stories, the election of Donald Trump and significant action on climate change…”

Of course, as we all quickly learned after the January 20 inauguration, the U.S. signaled it would be pulling out of the historic Paris Climate Accord – to become at some point in 2018 probably the ONLY country standing by itself.  At least at the [Federal] governmental level.

And so, Trend #1, writes Andrew Winston, is the “Newtonian equal-and-opposite reaction from business, states, and cities – nothing short of amazing – their pushback on policy decisions is my #1 story of 2017.”

Other top stories & trends that he picked:

#2, the deadly costs of climate change became even more obvious.

#3, Trump Administration begins dismantling of environmental protections.

#4, (we can hear the cheers at your end as you read this – “investors woke up about climate risk and benefits of sustainability”).

#5, something to carefully watch from other leading economies (like the USA!) in 2018, China accelerated its cleantech advantage with a series of dramatic moves. 

Completing the list:

#6, cleantech continues the relentless mark and coal continued to die (Morgan Stanley predicted an inflection point in 2020 when renewable become the cheapest energy source globally).

#7 is “famous CEOs” took moral stands (Tesla’s Elon Musk, Disney’s Robert Iger and others).

#8, companies took a stand, such as suing to fight the president’s first Executive Order (the poorly-executed and hateful immigration ban). 

#9 is the early -2017 event that millions watched on TV, the Super Bowl, as companies touted in their very expensive ads their views on social sustainability and stands taken on the new administration’s policies. 

Finally, at #10 author Winston has in focus the global Unilever, “the consensus corporate leader on managing sustainability for business and social value” -- fighting off a takeover bid by Kraft Heinz and 3G Capital.

What is your list of top stories and trends for 2017?  Send us your nominations.  And if you have not already read G&A Institute Chair Hank Boerner’s book published at the end of 2016 and looking into 2017 and 2018, the book is available with our compliments. (“Trends Converging! – A 2016 Look Ahead of the Curve” – that is, what’s ahead in 2017 that affects Sustainability & CR managers…sustainable/ESG investing professionals?)

Reading Trends Converging! you can see what is working / what may not work if the policies of the Trump Administration and the Congress intervene on the wrong side of history.  The book is can be downloaded at: https://www.ga-institute.com/research/research/research-reports/

About the HBR essay:  Author Andrew Winston wrote the popular books “Green to Gold” and “The Big Pivot.” His “So What’s Next” look at mega-trends is included with predictions for 2018.

This is a very powerful column and we urge your reading – it’s our Top Story for you this week.

 

Our Top Story For You...

The Top 10 Sustainable Business Stories of 2017
(Wednesday - December 27, 2017) Source: Harvard Business Review - The year 2017 has been a long, strange trip. The definition of sustainability in business evolved quickly — the topic in executive suites now covers a wide range of issues that address how a company navigates environmental and...

About Sustainability: Progress Is Being Made - We See Forward Momentum!

For Your Attention: The Editors' Scans

Climate change and sustainability disclosure: Why we must start
(Monday - December 18, 2017) Source: EcoBusiness - SGX head of listing policy and product admission Michael Tang explains why companies should move quickly to adopt the recent recommendations made by the Exchange’s Task Force on Climate-related Financial Disclosures

Overheard in sustainability: The funniest moments in 2017
(Tuesday - December 19, 2017) Source: EcoBusiness - sustainability can be a sobering sector. We picked out a few stories from 2017 that helped us see the lighter side of a flood of bad news about record emissions levels, political inaction on climate, and lapses in corporate...  
 
City living isn’t necessarily more sustainable than suburbs, says study
(Tuesday - December 19, 2017) Source: Curbed.com - A comparison of downtown dwellers and suburbanites in Chicago disputes idea urban living gets a green halo 
 
Achieving sustainable resource use attainable through science of cooperation
(Tuesday - December 19, 2017) Source: Science Daily - A new theory explains how societies can achieve environmental sustainability by nurturing cooperation. It is detailed in a series of articles recently published in a special issue of the journal Sustainability Science.

Source: MorningStar - After years of increasing momentum for sustainable investing, 2017 began with concerns that the new administration would have a chilling effect on the field's growth. 

Saudi Arabia casts an allure for sustainability  
(Friday - December 22, 2017) Source: GreenBiz - When U.S. Secretary of Energy Rick Perry signed a memorandum of understanding with Saudi Arabia recently to collaborate on technologies to reduce emissions in the kingdom, it was just the latest of many initiatives making the... 

Intl Sustainability (ISGP) Seeing Positive Chart Signals
(Tuesday - December 26, 2017) Source: Geneva Journal - Intl Sustainability (ISGP)’s MACD Histogram reading is currently above the zero line, indicating a positive chart trend for the shares. Shares recently touched 0.5500 on a recent bid, moving 0.04 in the most recent session. 

Opinion: The Sustainability Sham
(Wednesday - December 27, 2017) Source: Burlington Free Press - Millennials have mastered the perception of being active members of the green movement with the help of companies promoting products as environmentally friendly – oblivious to the fact they are victims of “greenwashing” and.

Sustainability In The Supply Chain: Multiple Advantages
(Wednesday - December 27, 2017) Source: Strategic Sourceror - The concept of sustainable sourcing isn't entirely new, but it is an idea on the rise. In recent years, consumers have become clear about the kinds of companies they want to do business with.  
 
Unleashing action on the Sustainable Development Goals
(Wednesday - December 27, 2017) Source: GreenBiz - We are seeing tremendous private-sector momentum behind the adoption of the United Nations' Sustainable Development Goals (SDGs). With the current political and economic uncertainty, corporate leaders are stepping up to drive the...

Will plastics cede to paper in the sustainable packaging market?
(Thursday - December 28, 2017) Source: Plasticstoday - Plastic might just have to cry “Uncle” and cede to paper when it comes to the sustainable packaging market. Now, before all you plastics people get your hackles up, there are several reasons I say this.

Sponsored Message

Our Focus This Week on A Range of ESG Topics & Issues – More Things to Think About…

Why The Massive Fears Around Cryptocurrency Will Rise And What's Next for 2018
(Monday - December 18, 2017) Source: Forbes - Just why is there so much fear around the area of cryptocurrency, and what will 2018 mean for this pioneering area, particularly as we move to a general cashless society that is easily driven and adopted by the massive Millennial... 

US shale oil drillers set to kick off the new year with big production gains
(Tuesday - December 19, 2017) Source: CNBC - America's shale drillers are poised to ring in the new year with strong growth in the U.S. oil patch, according to the latest forecast from the Department of Energy

World’s wealthiest gain $1 trillion in 2017 on market exuberance
(Wednesday - December 27, 2017) Source: LiveMint - New York/Princeton: The richest people on earth became $1 trillion richer in 2017, more than four times last year’s gain, as stock markets shrugged off economic, social and political divisions to reach record highs.

Business Schools Finally Teaching Ethics and Tackling Social Change to MBAs
(Thursday - December 28, 2017) Source: Triple Pundit - To some critics of the business community, this shift towards more of an emphasis on business ethics has been far too slow, akin to the Titanic trying to change course with the iceberg already in view. 

People Can Handle the Truth About the Environment
(Thursday - December 28, 2017) Source: Bloomberg - Some scientists think that humans can’t handle the truth about the damage they are doing to the environment -- that findings must be sugar-coated lest people lose the hope needed to act

 

News for You From the Corporate Sector -Both Positive & Negative - Headlines 

Source: GreenBiz - When President Donald Trump signed an order in early December to remove more than 2 million acres of Utah land from federal protection, Patagonia was ready. 

3 Ways to Make a Commitment to Sustainability Your Customers Want to See
(Thursday - December 21, 2017) Source: Entrepreneur.com/ - According to a report by the research group Bloomberg New Energy Finance, the largest oil companies in the world -- ExxonMobil, Chevron, Royal Dutch Shell, BP and Total -- slashed their greenhouse gas emissions by a combined 56.7...

Source: GreenBiz - We see in the numbers a growing willingness among companies to commit to sustainability, even if they are starting from zero today.

Guest column: How to source sustainable fabrics...
(Thursday - December 28, 2017) Source: DNA - Sustainability is the buzz word across fashion today. Though sustainability is not only about the end product built but also about the process of making and buying. But a few handy tips for shopping sustainable fabrics could be..

Additional Headlines….

Volkswagen to install 2,800 U.S. electric vehicle charging stations
(Tuesday - December 19, 2017) Source: Reuters 

Hasbro Recognized for Sustainability Leadership, Attaining No. 3 Spot on Newsweek’s 2017 Green Rankings
(Thursday - December 21, 2017) Source: Business Wire

Blockchain Is Pumping New Life Into Old-School Companies Like IBM and Visa
(Wednesday - December 27, 2017) Source: Fortune 

Apple Is Now Facing Eight Lawsuits After Admitting to Slowing Down Old iPhones
(Wednesday - December 27, 2017) Source: Fortune

California Says Nestle Lacks Permits To Extract Millions Of Gallons Of Water
(Thursday - December 28, 2017) Source: NPR 

Claire's Pulls Items From Stores Over Asbestos Concerns -text/video
(Thursday - December 28, 2017) Source: NBC News 

Tesla's make-or-break year? 2018 will test Elon Musk
(Thursday - December 28, 2017) Source: USA Today 

 

News & Opinion: Asset Managers, Sovereign Wealth Funds, Pension Funds

Goldman Sachs launching trading desk for bitcoin, report says
(Friday - December 22, 2017) Source: CNBC - Goldman Sachs is planning to get into the business of trading digital currencies such as bitcoin, Bloomberg News reported Thursday, citing sources familiar with the matter.

Abu Dhabi's IPIC says Malaysian fund 1MDB paid settlement in full
(Wednesday - December 27, 2017) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority) Source: Reuters.com - Abu Dhabi’s government-owned International Petroleum Investment (IPIC) said Malaysian state fund 1Malaysia Development Berhad (1MDB) has made all required payments as part of a settlement agreement. 1MDB was required to pay... 

How Big Is Your State’s Share of $6 Trillion in Unfunded Pension Liabilities'
(Thursday - December 21, 2017) Associated Profiles : Connecticut Retirement Plans and Trust Funds – State Treasurer’s Office Source: The Foundry - Connecticut, Kentucky, and Illinois have the lowest funding ... such as shifting new employees to defined contribution retirement plans, limiting future pension benefits, reducing unrealistic interest rate assumptions, and ... 

Trump Administration News / Affecting Directions on Governance and ESG

Trump administration set to unveil $1 trillion infrastructure proposal in 2018
(Tuesday - December 26, 2017) Source: Washington Examiner - The White House is working to release a roughly 70-page infrastructure proposal sometime in January for members of Congress to use as a cornerstone for drafting the legislation in 2018. 

 

 

G&A's To The Point! is a businesss intelligence web-platform resource. This management briefing service offers timely insights and perspectives on Corporate Sustainability, Responsibility & Citizenship.Click here to request a one-week trial subscription. Below are links to a sampling of three recent briefs:

AMERICAN BAR ASSOCIATION SPOTLIGHT: Sustainability Disclosure — Issuer Business Model, Board Oversight, and Compliance Responsibilities for Corporate Management, Boards & External Auditors

2018 INVESTOR-CORPORATE DIALOGUE: Human Drugs In The Ag & Food Sectors. Rising Antibiotic Resistance. Factory Farming. “Food” Industry Issues Colliding in the 2018 Investor-Corporate Dialogue and Proxy Voting Season

IS YOUR COMPANY’S KEY DATA & “SECRET SAUCE” SAFE? Pssst! Foreign Entities Are Snooping…

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TRAINING OPPORTUNITIES

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G&A Institute Sustainability Update
Informative, insightful, thought provoking

Governance & Accountability Institute's blog focusing on the sustainable world evolving daily before our eyes.  Read it, absorb it, question it and challenge.

We Are Far Now From Milton Friedman’s Prevailing View on CSR in 1970 – Companies Are Showing The Way – Here Are 5 Examples

You And The 21st Century Company — All About Iteration, Innovation & Disruption!

The 21st Century Company: How It Creates Values – And for Whom

 

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G&A WEBINAR SERIES

Missed one of our webinars?
Access archived recordings & slides via the links below. Have an idea for a future webinar, email us at info@ga-institute.com

GRESB in 60 Days: Tech, Tools & Best Practices to Respond in 2017

Why Getting Started with CDP is More Important than Ever in collaboration with CDP

Why 2017 Should Be The Year You Respond to RobecoSAM (DJSI)? in collaboration with RobecoSAM and Nasdaq

G&A Institute Webinar: Moving From G4 to The New GRI Standards

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Governance & Accountability Institute Featured Service
Peer Benchmarking
Competitive analysis of peers' sustainability disclosure and reporting practices...

Learn more about Peer Benchmarking

Using The GRI Sustainability Reporting Framework Improves The Quality of ESG Disclosures - Joint Research From G&A Institute and Baruch College Shows

Learn More About G&A Research

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GRI'S USA, UK & IRELAND
DATA PARTNER

G&A Institute is the Data Partner for the Global Reporting Initiative's (GRI) in the USA, UK and Republic of Ireland. We identify, receive, collect, analyze, database, and communicate about every report issued in any of the 3 countries. Over the past 6+ years, G&A analyzed 6,000-plus sustainability reports in this pro bono role and databased 100+ important data points for each report. 
Find out more @ G&A's What's A Data Partner

 

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The Sustainability Highlights eNewsletter is prepared by Governance & Accountability Institute, Inc. based on continuous monitoring of trends and developments in Sustainability and ESG. Governance & Accountability Instiute is the “Sustainability Headquarters™” for clients in the corporate, investment, public and social sectors. Based in New York, G&A is a for-profit consulting organization providing a range of value-added strategies, services and resources related to ESG & sustainability to clients in the corporate and capital markets communities.For G&A's full range of services, click on each of the links below:

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For more information, contact Governance & Accountability Institute, Inc.
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