ESG Befuddlement!
Teri Cohan Link
EXECUTIVE SEARCH FOR THE CIRCULAR ECONOMY Helping elite Clients secure exceptional Candidates | C-Suite & Upper Management | Multiple industries | Middle Market | USA
The Wall Street Journal reports that “Deutsche Offices Raided Over ESG Claims”. ??The raid took place in Frankfurt with claims of Greenwashing.?The article also referenced probes from the Securities and Exchange Commission and federal prosecutors of the self-same Deutsche Bank subsidiary, DWS, regarding their Sustainability claims in the US. ?Asoka Woehrmann, Chief Executive of DWS plans to resign.?Bank of New York Mellon was recently fined $1.5 million for misleading claims about ESG funds by the SEC.
While we wait for the SEC’s new ESG guidelines, (Environmental, Social, and Governance) LINKCO hears from our clients that they need clarification on ESG rules and ESG reporting now. Check out LINKCO’s webinars and articles on various ESG topics, here .?It’s an easy starting point, and serves as an ESG plan, reporting and investing “primer.
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Principal Consultant, Executive Director - Service and Development innovation for the New Normal
2 年Teri. George is right. In my view you should go back to basics and remember who you producing the reports for. It's not for the reporter alone, there are other stakeholders who will read and critique it. They are probably better informed than the reporter and there are a lot more of them. They are also no longer passive and have legal structures to employ now. The examples you give demonstrate how the risk profile has emerged quickly and not been addressed. Also, there is a pent up mass of known bad practice which will be richly mined in the near term by those who now have the tools to do what they have wanted to do for years. Best advice, stop looking for a tick in a box and do it like you actually mean it.
Sr. Principal & CEO at Net Zero Analysis & Design Corp
2 年There is a lot of noise out there we have completed a number of 3rd p Arty reviews of corporate carbon footprints and they are using software tools that do not use correct calculations factors or are nothing more then energy star portfolio manager reporting tools
EXECUTIVE SEARCH FOR THE CIRCULAR ECONOMY Helping elite Clients secure exceptional Candidates | C-Suite & Upper Management | Multiple industries | Middle Market | USA
2 年George Sullivan Jared Blumenfeld Terry Tamminen Rita Kampalath your thoughts?