Repsol Issues 1st Green Bond for the Oil & Gas Sector. Simply Greenwash, or a Positive Step in the Right Direction?

Repsol Issues 1st 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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The Role of Senior Leaders in Corporate Sustainability

The Role of Senior Leaders in Corporate Sustainability

What is the role of senior leaders in corporate sustainability? To not only create a clear vision but also communicate it appropriately. It is time for corporate leaders to question traditional practices and start talking about what really is important: how they will ensure long-term shared value creation.

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The Evolving Role of the Corporation in Society

The Evolving Role of the Corporation in Society

Large corporations in society have a purpose, and that purpose extends beyond simply making profits. Rather, corporations are assuming broader responsibilities that increasingly affect their valuation in the stock market and their value to society. Because corporations are the world’s most powerful engines for growth and prosperity, this behavior is a positive development with global impact. By understanding corporations’ environmental and social activities and integrating this understanding in investment decisions, investors can advance and benefit from companies’ creation of long-term value.

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The Art of Business Strategy. Is Integrated Reporting a continuation of strategy by other means?

The Art of Business Strategy. Is Integrated Reporting a continuation of strategy by other means?

Integrated reporting is about integrated thinking, by which we imply considerations about the short, medium and long term outlook of the company. Integrated thinking is forward thinking that also takes into account the past performance of the company, but unlike corporate reporting (extensively backward-looking financial statements), it emphasises perspectives on strategy and decision-making that are forward-looking

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Sustainable and Responsible Investing: How to Make It Work

Sustainable and Responsible Investing: How to Make It Work

An increasing number of investors have committed to integrating environmental, social and governance (ESG) issues in their asset allocation decisions. This is good: we should invest our money according to our values. This article explores the question: how we can build a better understanding of the value implications of sustainability investments?

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