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Newsletter

Source: Governance & Accountability Institute

Sustainability-Highlights-Header
October 5, 2015

SERVICES  |  RESEARCH  |  EVENTS  |  WEBINARS  |  BLOG  |  ARCHIVE

Dodd Frank Act at 5 Year Mark Now 
There is Still Work to Do

In 2007, the dominoes started to fall.  The debt auction rate market caught cold, leading in time to the broad capital markets and housing markets catching pneumonia.  Down went the dominoes – click/click/click – US housing prices plunged, lender foreclosures skyrocketed, equity share prices plummeted – and trillions’ of dollars of accumulated wealth disappeared – poof!

There were many players involved in the drama – commercial banks, investment banks, credit rating agencies, federal regulators, borrowers themselves – and as the dominoes fell, government officials responded.  The TARP money flowed to the top banks, and then many banks beyond the money centers.  Federal dollars saved the US auto industry.  “Zero” rates at the Fed borrowing windows are still the rule.  And the US Senate and House of Representatives and the White House responded with a comprehensive package of statutes we call “The Dodd Frank Act.”

Dodd-Frank rules are in place to govern certain private sector activities and the rule making is continuing.  Did the legislation (and operating rules) cover all the bases?  Opinion is mixed on this.  We asked Lisa Woll, executive director of the influential Forum for Sustainable & Responsible Investing (US|SIF) for her views on Dodd-Frank at the five year mark.  Our Sustainability Update blog post has her perspectives this week: http://ga-institute.com/Sustainability-Update/dodd-frank-act-at-5-years-not-quite-done-in-rulemaking/.

The US|SIF is the asset management and related parties’ trade association for those institutions and organizations advancing sustainable & responsible investing approaches in the capital markets.  G&A Institute is a member organization.  The US|SIF has several working groups, including SIRAN – the Sustainable Investing Research Analyst Network, with more than 100 members participating.  G&A Institute's Louis Coppola is co-chair of SIRAN’s “Sustainable Education and Companies Meeting Committee,” (SECE) with co-chair Mike Lombardo of the Calvert Group.

Public companies are invited to meet with SIRAN members to discuss sustainability, responsibility, citizenship, and other activities of interest to the SIRAN membership.  Recent company meetings include Intel, Microsoft and AT&T.  If your company is interested in these kinds of activities, let Louis (lcoppola@ga-institute.com) and Mike know. 

We invite you to tune in to Lisa Woll’s views on The Dodd-Frank Act at the five year mark: http://ga-institute.com/Sustainability-Update/dodd-frank-act-at-5-years-not-quite-done-in-rulemaking/.

 

Top Story of the Week

Volkswagen and the dark side of corporate sustainability
(Thursday - September 24, 2015)
Source: GreenBiz - Aside from guaranteed admission into the corporate malfeasance hall of fame, the emissions cheating scandal jeopardizes the future of the largest car company in the world and adds yet another black mark to common self-policing...


Sustainability in Focus

Sustainable Investing and Fiduciary Responsibility: Conflict or Confluence?
(Monday - September 21, 2015)
Source: CFA Institute - Do investors contravene or fulfill their fiduciary responsibility if they take sustainability into account in their investment decisions? And do they take it a step too far if they decide to divest from fossil fuels?

Your comprehensive guide to the Sustainable Development Goals summit
(Monday - September 21, 2015)
Source: The Guardian - World leaders will pledge to tackle poverty, inequality and climate change at a historic event in New York. Here’s everything you need to know about it

Biodiversity: A way to sustainability
(Monday - September 21, 2015) Associated Profiles : UN - The Equator Principles
Source: United Nations Development Program - In the world practice, the Equator Principles (EPs) are commonly used to help the oil-and-gas industry to conserve biodiversity. The EPs represent a risk management framework...

Sustainability science is a new academic discipline. But is it sustainable?
(Monday - September 21, 2015)
Source: The Conversation - In 2007, the American Association for the Advancement of Science counted 32 sustainability science programs at colleges and universities in the United States. Today, there are 118.

Germany must cut waste to set global example for sustainable development
(Tuesday - September 22, 2015)
Source: Reuters - Germany may have won an international reputation for being environmentally aware and a leader in clean energy, but the world's fourth largest economy faces challenges in establishing a sustainable way of life at home

How Corporate Sustainability Propels Corporate Profitability
(Tuesday - September 22, 2015)
Source: Triple Pundit - Corporate sustainability, however, is not a rite (nor a right) only of world-renown brands. Sustainability is a vehicle of change that can eliminate waste, save money, improve efficiencies, and increase profits for companies of...

Cotton Production and Consumption: A Cry For Sustainability
(Tuesday - September 22, 2015)
Source: Triple Pundit - There is no other commodity grown on the farms of our planet that is more polluting than cotton. The Sustainable Trade Initiative (IDH) estimates that more than 10 percent of all chemicals used in the agricultural sector are for...

5 Types of Sustainability Marketing Tactics Corporate Execs Need to Understand, and Utilize, Bette
(Tuesday - September 22, 2015)
Source: Sustainable Brands - Sustainability marketing is a strange and special animal. To be effective, it needs to popularize the work of sustainability teams, which tends to be based on rigorous systems thinking, carefully and scientifically considering...

An Intro to ThriveAbility: The Next Stage of Development for Sustainability
(Wednesday - September 23, 2015)
Source: Sustainable Brands - The notion of “sustainability,” while vitally necessary, inspires enthusiasm like a hairshirt. What we humans really want to do is thrive! The problem sustainability confronts is that the human pursuit of thriving (as currently...

Inside Brazil's sustainability evolution
(Wednesday - September 23, 2015)
Source: Green Biz - Brazil has had the world’s attention in recent years as host to Rio+20 and the 2014 World Cup. Now, for good and ill, the coming Olympics and the Petrobras scandal give reason to keep watching..

Ahead of sustainability summit, ‘Global Goals’ will light up UN Secretariat building in New York
(Wednesday - September 23, 2015)
Source: UN News Center - The United Nations Secretariat Building in New York will be illuminated this evening with massive projections relating to the Sustainable Development Goals (SDGs) ahead of the three-day special UN summit beginning on Friday.

Sustainability Research is Growing Nearly Twice as Fast as Research Overall, Report Finds
(Thursday - September 24, 2015)
Source: PR Newswire - Research that informs sustainable development is experiencing a surge as innovative ways to preserve environmental health and safeguard societal well-being top global leaders' agendas, a report by Elsevier and SciDev.Net released...

American Consumers Take Sustainability to the Next Level
(Thursday - September 24, 2015)
Source: PR Newswire - year, the survey found consumers are increasingly committed to purchasing products and services that have a less degrading impact on the environment and human health. With an improved economy and a reduced unemployment rate...

 

ESG Issues & Players

Our Fate Tied to the Ocean's Fate
(Tuesday - September 22, 2015)
Source: Huff Post - World leaders and the international community are gathering soon at the United Nations to adopt the Sustainable Development Goals, which will guide the UN and member states for the next 15 years. A critical component of achieving...

VW's $7 Billion Screwup: A Lesson In How To Destroy A Brand
(Wednesday - September 23, 2015)
Source: Forbes - “Our company was dishonest with the EPA and the California Air Resources Board, and with all of you, and in my German words, we have totally screwed up.”

What is fair pay for a chief executive?
(Thursday - September 24, 2015)
Source: LA Times - First of all, no one begrudges chief executives being well-compensated for what must be a very challenging gig. It's not a job just anyone can…

 

Asset Managers, US Pension Funds,
Sovereign Wealth Funds

We Still Aren’t Sure What Will Cause Janet Yellen to Pull the Trigger
(Thursday - September 24, 2015)
Source: Bloomberg - The effectiveness of the Federal Reserve’s communication strategy is clearly questionable when the outcome of a Federal Open Market Committee meeting is considered a coin toss among economists who closely follow monetary policy.

FBI launches investigation into Malaysian state fund 1MDB - WSJ
(Monday - September 21, 2015)
Source: Reuters - The U.S. Federal Bureau of Investigation (FBI) has launched an investigation into allegations of money-laundering at troubled Malaysian state fund 1MDB, the Wall Street Journal reported on Sunday citing an unidentified source.

Study: Pennsylvania hides $53 billion in debt
(Thursday - September 24, 2015)
Source: PA Independent - Pension reform remains one of the biggest political hot potatoes for policymakers, and Chicago-based Truth in Accounting’s annual Financial State of the States report debts again highlights problem facing lawmakers...

 

 

Watching the Watchers

Clinton Global Initiative

Headquarters: New York, NY
Established: 2005

ESG/Sustainability Focus: Yes, particularly sustainability

KEY PARTNERS
CGI has numerous sponsors: the founding sponsor and convening sponsors of the 2010 annual meeting were, respectively, Tom Golisano (formerly candidate for governor of New York State) and the Victor Pinchuk Foundation. The list includes diverse entities, from the Bill & Melinda Gates Foundation to Chevron. 2011 meeting sponsors include Dell, MTVu, and Qualcomm.

OVERVIEW/MISSION
The Clinton Global Initiative
says its goal is to "turn ideas into action," particularly on "major global problems." CGI convenes diverse leaders from all types of organizations and countries.

News Sweeps
UT students vie for prestigious $1 million business prize
(Thursday - September 24, 2015) Associated Profiles : Clinton Global Initiative
- Tampa Bay Times - It was at that moment that we realized who was in it to win it." Now, even before they make their final pitch at the Clinton Global Initiative's annual meeting in New York, Tembo Education has...

Obama To Skip Clinton Event
(Thursday - September 24, 2015) Associated Profiles : Clinton Global Initiative
- The Daily Caller - President Barack Obama will be skipping the Clinton Global Initiative annual meeting for the first time since taking office, the White House said this week according to a report from Politico....

Hilton Hartford Hotel Manager Goes "Over the Edge" for Charity
(Thursday - September 24, 2015) Associated Profiles : Clinton Global Initiative
- Patch - And it can work for addiction by bridging serious gaps in funding and resources. Gary Mendell, a member of the Clinton Global Initiative, founded Shatterproof to educate, empower and equip families...

 

Check It Out...


G&A Institute Sustainability Update
Informative, insightful, thought provoking
The Governance & Accountability Institute blog focusing on the sustainable world evolving daily before our eyes.  Read it, absorb it, question it and challenge.

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