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Going Beyond Financial Measures to A More Environmentally Sustainable and Socially Responsible Future
February 24 @ 5:00 pm - 6:00 pm
Since its debut in a United Nations report in 2006, ESG—the acronym for environmental, social, and governance issues—has captivated the attention of businesses, governments, and academics. Today, ESG is the most widely accepted measure of firms’ sustainability and social impact. The ESG movement is creating a new incentive for companies to collect and disclose information about financial, environmental sustainability, and social responsibility performance and is forcing CEOs to construct measurable means to describe and present their businesses. In less than two decades, ESG investing has evolved into a US$35 trillion industry. While it is gathering momentum around the globe, companies and stakeholders have struggled with the myriad of complex and inconsistent sustainability standards, frameworks and metrics.
Join the UCLA Anderson Center for Global Management (CGM), Center for Impact and Professor Chris Tang in a moderated discussion with internationally renowned experts in environmental issues and ESG. Professors Christine Loh and Magali Delmas, will explain why the ESG movement, unlike the lack luster CSR initiative, is motivating action by corporations. They will spotlight key challenges and opportunities for practitioners and researchers in ESG and explain why in the wake of climate change, social injustice and income inequality, corporations need to change the way they operate and go beyond the traditional financial measures by taking various ESG measurements into consideration. Looking ahead, they will share their observations on the recent announcement at COP26 of the creation of an International Sustainability Standards Board (ISSB) that will provide the foundation for consistent and global – environmental, social and governance reporting standards and whether companies are more likely to pivot their operations to a more environmentally sustainable and socially responsible future.