Corporate Purpose

The latest developments in sustainable finance

PRI, Generation and the UN release results from law firm behind Freshfields Report

For the eighth consecutive year, Novartis published on Jan 26, 2021 an annual Novartis in Society ESG report. The Novartis in Society ESG Report details progress on environmental, social and governance topics and demonstrates the company’s commitment in global health and corporate responsibility.

The UN Guiding Principles are showing a new path to stakeholder capitalism

30% Club co-Chair says progress is happening, but more work needed to close gender and ethnicity gap

American Electric Power’s 2021 Corporate Accountability Report marks our 15th year of sustainability and environmental, social and governance (ESG) disclosure, demonstrating our commitment to reporting on the company’s progress towards a sustainable energy future. The report’s theme, “Building a Clean Energy Future Together”, highlights AEP’s commitment to delivering clean, reliable and affordable energy to our customers, while also empowering positive change in the communities we serve. It also comprises of an ESG Data Center, which includes a three-year trend on 250+ of the most requested ESG metrics; our SASB report; GRI Report; and access to our Climate Impact Analysis Report – a TCFD report.

Over the past five years, PMI has made monumental progress in achieving its purpose of delivering a smoke-free future by replacing cigarettes with smoke-free products to the benefit of adults who would otherwise continue to smoke. Its 2020 Integrated Report communicates how the fundamental transformation of PMI’s business, governance, performance and ambitious targets create value for its shareholders and stakeholders in the short, medium and long-term. The company continues to progress toward its mission to accelerate the end of smoking with aims to make its smoke-free products available in 100 markets in 2025, up from more than 60 today. Additionally, it has increased its ambition of the contribution of its smoke-free products to total net revenues of more than 50 percent by 2025, meaning that in five years, cigarettes account for less than half of PMI’s total net revenues. Further accelerating PMI’s transformation, PMI announced a new ambition this year of at least USD 1 billion in annual net revenues from ‘beyond nicotine’ products in 2025. Find out how PMI is progressing toward accelerating the end of smoking and download the report.Find out more

The Role of Natural Climate Solutions in Corporate Climate Commitments: A Brief for Investors is a first-of-its-kind engagement tool for investors to spur meaningful dialogue with companies on the role and use of natural climate solutions in delivering on those commitments. It provides clear guidance on how to facilitate engagements with portfolio companies and lays out expectations for climate disclosures—calling for transparency in critical steps along the way to net zero. 

Companies shouldn’t shy away from soliciting shareholders when it comes to climate change, argues Alstria CEO Olivier Elamine

Responsible Investment Report from First Sentier Investors