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General Motors Joins Gender And Diversity KPI Alliance
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General Motors has joined the Gender and Diversity KPI Alliance (GDKA), a newly formed coalition that requires corporations to use a certain set of key performance indicators (KPIs) to measure their own gender and diversity.
The Situation: Given the negative impact that sustainability-related risks can have on investment returns, investors, banks, and borrowers alike are increasingly focusing on.
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WASHINGTON, Feb. 23, 2021 /PRNewswire/ The Council on Competitiveness today announced Brian Moynihan will become its next Chairman of the Board, effective immediately. Mr. Moynihan has been the Council s Vice Chair for Industry – and co-chair of its flagship initiative, the National Commission on Innovation & Competitiveness Frontiers – since 2019. He succeeds Dr. Mehmood Khan, CEO of Life Biosciences, who has effectively led the organization since 2017 and who will become Chairman Emeritus. Brian s experiences as our Industry Vice Chair and Co-Chair of our National Commission – and all that he brings from his commendable leadership in the private sector to help fund and fuel American innovation – makes him the right leader for the Council during this critical moment for our nation, notes Council President and CEO, Deborah L. Wince-Smith.
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In his 2020 annual letter to CEOs, Laurence Fink, CEO and Chair of BlackRock, the world’s largest asset manager, announced a number of initiatives designed to put “sustainability at the center of [BlackRock’s] investment approach.” According to Fink’s letter, “[c]limate change has become a defining factor in companies’ long-term prospects.” What’s more, he made it clear that companies needed to step up their games when it came to sustainability disclosure. (See this PubCo post.) At the Northwestern Law Securities Regulation Institute this week, former SEC Chair Mary Schapiro said that, at companies where she was on the board, Fink’s statement had “an enormous impact last year.” Fink has just released his 2021 letter to CEOs, in which he asks companies to disclose a “plan for how their business model will be compatible with a net zero economy.” Will this year’s letter have the same impact?
EY announces ambition to be carbon negative in 2021
Mihai Cristea 27/01/2021 | 15:57
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EY’s goal to reduce its carbon footprint reflects our people and business partners’ expectations from us to play an active role in addressing climate change and building a sustainable future. On our journey, we will help our clients to act in the same manner and we will develop global solutions to speed up our actions and generate an even greater impact”, says Bogdan Ion, Country Managing Partner EY Romania & Moldova and Chief Operating Officer for EY South-East & Central Europe and Central Asia (CESA).
The EY commitment to sustainability is an integral part of its NextWave strategy and ambition to create long-term value for all stakeholders. Launched in FY20, the NextWave strategy supports the EY purpose of building a better working world.