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8 February 2006 Environmental Science & Policy Seminar New Jersey Institute of Technology . The Business Case for Sustainability- Issues Affecting the Maximization of Benefits for ALL of Society. John L. Cusack email@example.com
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New Jersey Institute of Technology
John L. Cusack firstname.lastname@example.org
Executive Director, NJ Higher Education Partnership for Sustainablity www.njheps.org
President, Gifford Park Associates www.giffordpark.net
Director’s & Officer’s Liability/Management Responsibility
Balance Sheet Management
Erosion of Public Trust
Social and Environmental Disclosures
Many Components to the Issue:
Three Largest, (Best?) & Most Global:
Others (many are national in scope):
Note: traditional rating agencies starting to look at this field (e.g.,Moody’s now does governance ratings)
DJSGI World Index(December 1993 – March 2000, US Dollar, Price Index)
- Aspen Institute study of business schools
- HP funding of CSR Chair at York University
- FDU Institute of Sustainable Enterprise
- Programs at UNC, Yale, Cornell, Michigan, Oregon, U. of California, etc. and in Europe
- 2/3rds of investors still use active investment managers despite evidence that index funds outperform them.
- White House says we need more facts on climate change, when number of global extreme weather events has risen from 150 in 1950 to 1600 in 2001
Definition- “Enhancing the Return on Capital
through Increased Accountability.”
Good corporate governance requires:
“Boards of Directors are like sub-atomic particles- they behave differently when observed” - Nell Minow
Climate Pollution will have a variety of financial impacts:
Corporate Governance & Climate PollutionWhy Do Investors Care?- It affects the Bottom Line…and the long term survival prospects of a company!
Results of recent benchmarking exercise in the US energy sector…...
Source: Value At Risk, CERES/Innovest, 2002
Examples: How Poor Sustainability Management Can Reduce Shareholder Value
Examples: How Innovative Sustainability Management Adds Shareholder Value