Writer, Investor, Advisory Director, Berkshire Partners – Professor of Practice, Fletcher School Tufts University
For much of the last decade, advocates for sustainable businesses have argued that reporting on ESG measures would lead to a sustainable future. It hasn’t happened, writes Kenneth Pucker.
https://www.businessoffashion.com/opinions/sustainability/fashion-sustanability-reporting-wont-tell-you-esg/?utm_source=newsletter_dailydigest&utm_medium=email&utm_campaign=Daily_Digest_220823&utm_content=intro
Asos has dropped its 2030 net-zero emissions target and Crocs has delayed its deadline by a decade, rare public resets as scrutiny of corporate climate goals mounts.
https://www.businessoffashion.com/articles/sustainability/crocs-asos-net-zero-emissions-climate-targets-greenwashing/
Harvard Business Review, May – June 2021
For two decades progressive thinkers have argued that a more sustainable form of capitalism would arise if companies regularly measured and reported on their environmental, social, and governance (ESG) performance. But although such reporting has become widespread, and some firms are deriving benefits from it, environmental damage and social inequality are still growing.
This article, by Timberland’s former COO, outlines the problems with both sustainability reporting and sustainable investing. The author discusses nonstandard metrics, insufficient auditing, unreliable ESG ratings, and more. But real progress, he says, requires not just better measurement and reporting practices but also changes in regulations, investment incentives, and mindsets.
Read the full article: https://hbr.org/2021/05/overselling-sustainability-reporting