When BlackRock informed clients of the firm’s commitment to help them on their journey of sustainable investing, it confirmed what many sustainability professionals already knew: mainstream investors believe that ESG metrics have a direct impact on risk and return. As such, integrating ESG initiatives into a company’s traditional financial reporting has become increasingly important for enterprises to keep their both retail and institutional investors happy.
“This solar solution looks like a great deal! Any reason we shouldn’t pursue it?” Given the budget pressure of the “new normal” it can be hard to answer “no” to a question like that. If your CEO is asking you to incorporate one-off renewable energy solutions, the proposed financial benefits make can it tempting to rush to implementation.
Why is it critical to take a strategic approach?