Word on the Street: Sustainability IS a material investment issue!
Quietly but steadily, critical questions around sustainability in business are being raised by leading institutional investors. They’re definitely the “BIG” money and they have long term fiduciary obligations. They need consistent standards by which to benchmark materiality and they want consistent reporting, reflecting industry specific standards.
Two former SEC Chairs and former NYC Mayor Michael Bloomberg get it and they’re on board, both figuratively and literally, with the Sustainability Accounting Standards Board.