The Value in ESG Risk

Stewart McKie - Executive Advisor — Mon, 24 May 2010 20:37:42 +0000

As a follow-up to my previous post on the One Report book I’d like to highlight one of the many useful takeaways from the book, found on page 149. Here the authors address a critical issue for the ‘One Report’ camp, namely ‘quantifying the value’ of CSR. Or as I believe the Founder of Wendys was prone to say ‘Where’s the Beef’ (still not quite as catchy as ‘thats a some spicy meatball’ but you can’t have everything).

Eccles and Krzus highlight three ways to help quantify CSR value:

Which ESG topics represent opportunities to improve financial performance?
Which ESG topics represent risks of generating spending to avoid a downside?
Which ESG topics are not risks but investments that may create value for some stakeholders at a cost to shareholders?

Now if I was building an XBRL taxonomy for CSR reporting, these are three questions I would be validating all my element choices against.

Transparency by Stakeholder Engagement

Stewart McKie - Executive Advisor — Fri, 05 Mar 2010 10:08:34 +0000

This brief lesson in corporate transparency Author’s Choice: Don’t Ignore the Transparency Imperative advocates that transparency is not just about presenting accurate, accessible and comparable information (e.g. using globally adopted standards such as XBRL) it is also about establishing a new level of engagement with the stakeholders of an organization. The example comes from a new book The Responsibility Revolution: How the Next Generation of Business Will Win.

Rivet Software » CSR

The Value in ESG Risk

Transparency by Stakeholder Engagement