Informational ESG - Environment, Social & Governance issues gaining ground in the Business World

Randy said:

Profit will win out every time, nobody does anything to be awarded with nothing more than a warm fuzzy.

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Access to capital might become harder and pricier if the financiers of corporations become serious about blocking (perceived) loans to irresponsible organizations. The biggest investment fund in the world has divested stocks of organizations they perceive to be more of a liability than an asset.
How much money will cost the world economy if sea level rises 10 ft in the next 100 years. How much money cost the big freeze in Texas, earlier this year. How much money has cost the German automakers for the dieselgate imbroglio?

Yes, profits will always be paramount. But the ESG movement forces corporations to look at the bottom line also in the long run, not only the next quarterly report.

We incorporate a battery in our device so we have environmental risk in our QMS. There is a battery directive in the EU and freight companies have battery restrictions based on safety. The EU one is more about the environmental impact of disposal.

On the profit side, it can also be about exposure and gaining business because of that exposure. But in the end if there is no money in the bank??? Sad but true.

$$$ in hand is worth more than an "if"

"The best available data suggests that what we decide over the next 10 years will determine the long-term fate of human civilization."

Now where have I heard something like that before.....

Heck, you could probably fill a book with similar dire predictions that haven't come true, quite inconvenient for the prognosticators, but that doesn't stop them. It sells papers/triggers clicks.

It is the "end of times" in biblical terms. My sustainability department continues year after year to save and make profit for the company.

gpainter said:

My sustainability department continues year after year to save and make profit for the company.

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What are they (the higher ups) most happy about, your sustainability or the profits being made?

Of course they want to fill their pockets with no trickle down. Unlike other areas sustainability is more upfront, seen and kind of in your face. When you go home at night you have made a longstanding difference. I was in QMS most of my life

Mike S. said:

with similar dire predictions that haven't come true,

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Right on....those SOB's that alarmed us about the ozone layer being damaged.....the catalytic converter hoax.....clean coal is all we need.......billions of tons of plastic in the oceans, who cares....118° F in the artic circle for the first time ever recorded. how can we know for sure it was calibrated?

Haters will hate; alarmists will alarm.