Japan is looking at including environmental externalities in its measurement of growth. This could transform not only the way in which countries measure and manage economies and resources, but provide a framework for companies as well.
The UK’s competition watchdog, the Competition and Markets Authority (CMA), announced that it will be probing sustainability claims from major British fashion brands including Asos, Boohoo and Asda’s George brand.
In its mid-year outlook ‘Back to a volatile future’, global asset manager Blackrock warns that the market is looking at long-term volatility. This is partly driven by the energy crisis and higher inflation but, it warns, another driver is that the net zero transition has not yet been priced into the markets.
ESG has rapidly moved beyond an investment lens to a core factor in corporate strategy. The business case is clear – according to a McKinsey analysis evaluating over 2,000 studies related to the impact of ESG propositions on equity returns, the results overwhelmingly showed that strong ESG propositions create value.