Racial Injustice Will Have Greater Weight in ESG Scores, S&P Global Says.
“About 217 businesses in the S&P 500 have publicly supported the Black Lives Matter movement to show solidarity and protect their reputations. Question: How sincere are they?”
[COMMENTARY] Rather than only saying that black lives matter, companies need to consider their internal functions and activities to determine how they can address internally such issues. Afterall, ESG scores are going to increasingly include corporate diversity issues!
Racial Injustice Will Have Greater Weight in ESG Scores, S&P Global Says, by Sarah Min, July 24, 2020, Chief Investment Officer, USA.
Great point about sincerity! With S&P Global weighting racial injustice more heavily in ESG scores, companies will need to back up their statements with real internal diversity efforts. It’s not enough to just support movements publicly; action matters. This shift will push brands to be genuinely accountable, not just reputationally cautious. original music