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Valuing Corporate Responsibility - How Do Investors Really Use Corporate Responsibility Information? (Hardcover)
Loot Price: R1,817
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Valuing Corporate Responsibility - How Do Investors Really Use Corporate Responsibility Information? (Hardcover)
Series: The Responsible Investment Series
Expected to ship within 12 - 17 working days
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Investors have taken a long time to pay attention to corporate
responsibility. Despite the growing number of companies that were
taking action to manage the social and environmental impacts of
their activities and operations and that were reporting on their
corporate responsibility performance, mainstream investors'
interest in governance issues was, on the whole, piqued only in
those situations where a major accident or scandal hit the
headlines. This has changed dramatically. With over 600 large
investment institutions, including asset managers, insurance
companies and pension funds having signed the UN-backed Principles
for Responsible Investment, it can now be plausibly argued that
"responsible investment" has become mainstream. This change is
potentially of huge significance, and the investment community is
now widely seen as one of the key audiences for the thousands of
corporate responsibility reports produced each year. Yet the
reality is that there is a striking lack of understanding among
companies of investors' interests. The consequence has been that,
despite many companies identifying investors as one of the critical
audiences for their corporate responsibility reports, most
investors - even those that have made commitments to responsible
investment - see these reports as irrelevant to their investment
decision-making. The problem is compounded by the singularly poor
job that investors do of explaining to companies what sort of
information they are really interested in, and where corporate
responsibility performance fits into their overall assessments of
companies. This has led to frustrations on both sides. Investors
have been accused of not paying sufficient attention to companies'
corporate responsibility performance, and companies have been
accused of producing information that not only has no immediate
relevance to investors but, worse, seems to have no relevance to
the key business challenges that these companies face. Valuing
Corporate Responsibility aims to address the "dialogue of the deaf"
that characterizes too many of the discussions between companies
and their investors on corporate responsibility issues, through: 1.
Explaining to companies what responsible investment looks like in
practice and, from this analysis, explaining what sort of corporate
responsibility information investors are interested in and how this
information is used in practice. 2. Explaining to investors some of
the practical difficulties faced by companies when preparing
corporate responsibility reports and the implications for the
quality and utility of the data provided in these reports. Valuing
Corporate Responsibility also analyses how issues such as
investors' views on materiality and investment time-frames
influence the dialogue that investors have with companies on
corporate responsibility matters. It concludes that there is a need
for a major rethink of current approaches to responsible
investment, as the manner in which most investors are implementing
their responsible investment commitments is unlikely to see them
making a substantial contribution to improving corporate
responsibility performance or to the wider goals of sustainable
development. Written by one of the world's leading experts on
responsible investment, Valuing Corporate Responsibility is one of
the most important books to be written on corporate responsibility
over the past decade. It is of relevance not only to companies and
to responsible investment professionals but to all those interested
in really understanding how companies and their investors relate to
each other and the implications of this relationship for
sustainable development.
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