On the long run, financial markets are driven by two major, opposite forces: value and trend. As we are crossing into a new decade, we might be at a turning point, when the former overcomes the latter.
While you don’t see plumes of black smoke being released by the GAFAs (Google, Apple, Facebook, Amazon), you’d be wrong to assume they don’t have a significant environmental impact. Every search, click, or streamed video consume a huge amount of energy and sending a simple email has in reality a whole energy-intensive journey.
Shopping streets around much of the world are lined with Christmas decorations, ready to welcome the hordes of shoppers in what is usually the busiest shopping period of the year. But there is a backlash emerging in response to our growing consumerism and the clothing industry is under increasing scrutiny. Not long since the flight shaming movement started, a new trend is gradually emerging in Nordic Countries: the Köpskam – literally the shame of buying, and mainly aimed at the fashion industry.
The social factors included within ESG analysis are wide-reaching, taking into consideration the relationship the corporation strikes with the multiple stakeholders involved in its business: customers, employees, suppliers and local communities.
One area of interest is how employee relations affect corporate value. For every company that we analyse from an ESG perspective we aim to understand employee satisfaction. KPIs reported by the firm such as employee training hours, staff turnover, and outcomes from staff satisfaction surveys can be valuable, as well as third party employer-rating platforms such as Glassdoor.
Cette chronique de notre CEO Jean Keller a été publiée dans Le Temps du 18 novembre 2019. Lire l’article.
La gestion passive est partout. Mais son poids grandissant a des conséquences négatives insoupçonnées et elle atteint clairement ses limites lorsqu’elle s’attaque à l’investissement responsable.
Ever since the referendum in 2016, there has been an increasingly depressing dialogue of the deaf over what is undoubtedly the defining socio-economic issue of the century for the UK. We have substituted reasoned argument over the pros and cons of belonging to the European club with rants over ‘the will of the people’, what the Germans did to the grandfathers of the present-day European Research Group (ERG) and a wholesale dismissal of ‘experts’ and ‘elites’ – after all, what do they know? Any debate about our future in or out of Europe must start with the current state of the economy – not a bald GDP number, but an analysis of what we do well and what we don’t. This is an attempt to put some context into the debate.