After the ambitious Paris agreement on climate change, Ethical Corporation looks at the implications for investment, divestment, regulation and supply chain management
Last year ended with governments and business leaders worldwide energised to set ambitious goals to combat climate change after the summit in Paris. In keeping with the growing trend, companies in 2016 will continue to adjust their supply chains and portfolios, while increasing the amount of information for investors and consumers, experts say.
“In order for companies to be seen as authentically embracing CSR values, this work can't be window dressing,” says Amy Hall, director, social consciousness, for Eileen Fisher, a US women’s clothing company with a global presence. “It must be ‘owned’ by every team, every employee in the company. This means greater cross-functional collaboration, greater emphasis on shared responsibility for the success of the company, and CSR values moving front and centre, acting as a filter for every important business decision to be made.”
More than ever before, consumer and investor demands are leading to ramped up sustainability efforts. Expect more extensive scrutiny of investment choices and supply chains in 2016, experts say, and more investors offloading companies connected with fossil fuels or with poor environmental or human rights track records from their portfolios.