Repsol issues first green bond for the oil & gas sector. Simply greenwash, or a positive step in the right direction?

Repsol issues first green bond for the oil & gas sector. Simply greenwash, or a positive step in the right direction?

The green bond market has grown substantially over the last few years (quadrupling in size between 2013 and 2015). Step up …Repsol? Yes, that’s right. The Spanish petroleum refining firm is poised to sell a green bond transaction and will become the first company from the oil and gas industry to do so.

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Corporate Purpose and Sustainable Value Creation

Corporate Purpose and Sustainable Value Creation

Too many companies fall in a vicious cycle of short-term pressures taking action that destroy long-term value and further increase short-term pressures. Perhaps the best way to resist such short-term pressures and stay on the course to business excellence is a strong corporate purpose that is widely understood and shared by employees of an organization.

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How the Sustainable Development Goals can help inspire your business

How the Sustainable Development Goals can help inspire your business

The SDGs are 17 social, environmental and economic goals that frame the global agenda for sustainable development between now and 2030. Businesses can benefit from embracing the Sustainable Development Goals (SDGs) and embedding them in their growth strategies.

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Corporate Purpose: The Role of Law and Culture

Corporate Purpose: The Role of Law and Culture

Many companies are now seeking a way to signal their purpose – their reason for being beyond profit. Yet a key barrier that companies face is the dominant rhetoric of shareholder value maximization, which urges managers to focus on short term profits, often at the expense of society and the environment. We ask if new 'purpose-driven' solutions are a response to corporate law being seen as too restrictive, or a response to certain cultural factors that drive behaviour. Our statistical analysis suggests that law and culture both play an important role. 

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Teams Solve Problems Faster When They’re More Cognitively Diverse

Teams Solve Problems Faster When They’re More Cognitively Diverse

Received wisdom is that the more diverse that executive teams are in terms of age, ethnicity, and gender, the more creative and productive they are likely to be. But having run strategic execution exercises around the world more than 100 times over the last 12 years, we have found no correlation between this type of diversity and performance. Since there is so much focus on the importance of diversity in problem solving, we were intrigued by these results. If not diversity, what accounts for variability in performance? We wanted to understand what leads some groups to succeed and others to crash and burn. This led us to consider differences that go beyond gender, ethnicity, or age. We began to look more closely at cognitive diversity.

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Building Capacity to Advance Ecosystem Valuation and Economic Development

Building Capacity to Advance Ecosystem Valuation and Economic Development

Good management of resources critically depends on our ability to measure and value these resources. Both organizations and capital markets depend on information about the value of those resources in making capital allocation decisions. But in this decision making process we have missed one important resource: nature. 

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