Liberal Senator Alex Antic says environmental, social, and corporate governance is a “poison” to the corporate sector and big corporates like Woolworths need to “learn these lessons”. Fairfield Mayor Frank Carbone has asked his council to hand out thousands of Australian flags for free in Western Sydney in response to Woolworths’ decision to remove their Australia Day products. “Frank’s my man. I love that, and I love the fact that he’s pushed back, and I love the fact that it’s

Sebastien is the VP Sales North America of Wedia [https://www.wedia-group.com/], a provider of an Enterprise Digital Asset Management (DAM) solution. getty Across the world, companies are taking steps to ensure a more ESG (environmental social governance) approach to their business. One Edelman report found [https://www.edelman.com/sites/g/files/aatuss191/files/2020-11/Edelman%202020%20Institutional%20Investor%20Trust_FINAL.pdf] that 92% of U.S. investors stated that “a company with strong ESG performance deserves a premium valuation to its share price.” With added pressure from objectives such as the United Nations’ 17 Sustainable Development Goals,

Liberal Senator Alex Antic says corporates have been “weaponised” for a “bigger global push” for environmental, social, and corporate governance. Woolworths Group, which also owns Big W, has said it will not be selling any special Australia Day merchandise in 2024. “I think, ultimately, this comes from a bigger global push,” Mr Antic told Sky News Australia host Caleb Bond. “We’re seeing this sort of language of ESG coming out of the World Economic Forum … the place where billionaires

1. INTRODUCTION With increasing global awareness of the importance of sustainability and social responsibility in business practices, companies around the world are continuously pressured to recognize and properly manage the relevant environmental, social, and governance (ESG) dimensions of their everyday actions and decisions. In fact, this pressure comes from every major stakeholder group, including customers, suppliers, employees, regulators, and, ultimately, investors. As more and more professional asset managers representing the world’s largest investment institutions integrate sustainability issues into their investment

Sean Rahilly has 25+ years of law/compliance experience in financial services. He is General Counsel and Chief Compliance Officer at Enova [https://www.enova.com/] getty Regulators, investors, consumers and employees are asking for more leadership from companies about the impact of their businesses on society at large, translating to new reporting practices on environmental, social and governance (ESG) factors. While there is some resistance to this movement [https://www.jdsupra.com/legalnews/coalition-pushes-against-esg-funds-3374351/], most leaders are taking stock of their company’s performance on these items. On the

Over the last decade, investors and other stakeholders have demonstrated a preference for firms that embrace good environmental, social, and governance (ESG) practices. It is natural, therefore for firms to try to improve their ESG profiles through ESG disclosures. The central issue faced by investors and other stakeholders is to separate firms that “talk the talk” from firms that “walk the talk.” As a result, more and more firms have hired third parties to verify the metrics they use in