Corporate Social Responsibility Trends in 2017
For the past six years, I’ve been predicting what trends will impact Corporate Social Responsibility in the coming year. Sometimes, I’m right; sometimes I’m less right.
For the past six years, I’ve been predicting what trends will impact Corporate Social Responsibility in the coming year. Sometimes, I’m right; sometimes I’m less right.
This article introduces the latest annual assessment of corporate sustainability produced in our partnership with GreenBiz.
2016 was undoubtedly a year of change. Aside from major political shifts (in the US and the UK), there were also significant shifts in climate action. The implications of the Paris Agreement at COP21 filtered through to both businesses and investors, leading to a number of breakthroughs in policy and behavior.

It’s hard to imagine a time more hopeful and horrifying for sustainable business. On the one hand are great achievements and milestones. The Paris Agreement on climate change was ratified in 2016, faster than any United Nations pact in history, a powerful affirmation of the importance the nations of the world attach to combating climate

A profound political disruption has raised the stakes for clean money. It\’s a watershed moment for progressive business and investing, and a major bump in the pathway from the old economy to a new one. We must double down to ensure a just, resilient future civilization.

The World Economic Forum’s 2016 global risk report ranked water crises as one of the top societal risks to the global economy ahead of fiscal crises, cyber attacks and even food crises [1]. Megatrends are converging to create this vortex: a growing middle class with greater demand for water; a changing climate altering the availability of water; and global declines in water quality, reducing the supply of clean water, increasing the treatment cost and putting people’s health and communities at risk.
More than 35 CEOs and civil society leaders of the Business & Sustainable Development Commission (the Commission) recently reveal that sustainable business models could open economic opportunities worth up to US$12 trillion and increase employment by up to 380 million jobs by 2030. Putting the Sustainable Development Goals, or Global Goals, at the heart of the world’s economic strategy could unleash a step-change in growth and productivity, with an investment boom in sustainable infrastructure as a critical driver. However, this will not happen without radical change in the business and investment community. Real leadership is needed for the private sector to become a trusted partner in working with government and civil society to fix the economy.
Every year the Canadian-headquartered firm Corporate Knights (publishing, research) ranks “the world’s most sustainable companies,” from a universe of 4,000 global enterprises with market cap of at least US$2 billion each. The research team applies 14 metrics in its analysis of “corporate sustainability” to evaluate the management and governance of the sustainability journey.
A new report examining 28 of the world’s largest banks on their management of climate-related risks concludes they are failing to align their business practices with targets to keep global temperature rises below two degrees [1]. The investor assessment comes despite praising banks for introducing measures such as climate stress testing, carbon footprinting and governance for climate risk.
Interview with Jon Bishop and Laura Dreese
For the past decade, for-profit microfinance company Envest Microfinance has been striving to bridge the gap between microfinance and financial markets to make access to financial services universally available. It has tapped into support from individual and institutional investors to provide sustainable financing to the world’s economically marginalized and geographically isolated populations.

Sustainalytics, a leading global provider of ESG and corporate governance research, ratings and analytics, recently released a new thematic research report titled, 10 for 2017: Investment Themes in a Changing World. The report looks at the key drivers of 10 ESG investment themes that are expected to create new risks and opportunities for investors in 2017. In addition, the report profiles 10 companies, spanning seven countries and eight industries, that are poised to take advantage of these trends.