Sustainability has been steadily increasing as a focus for the investor and corporate governance community. It’s been a slow shift, to be sure, but it’s happening. Two recent developments:
- The proxy advisory firm Institutional Shareholder Services (ISS) acquired IW Financial, a firm that provides environment, social and governance (ESG) research and consulting services.
- Investment advisers State Street sent a letter to Boards of Directors urging them to be more transparent on efforts to manage climate change and other ESG hot topics.
Beyond the content of the announcements themselves, the way ISS and State Street are talking about ESG is worthy of attention. ISS asserts that there is a “growing demand” for ESG information within the investment community, while…