Creating a Sustainable Organization: Approaches for Enhancing Corporate Value Through Sustainability, 1st edition

Published by Pearson FT Press (January 25, 2012) © 2012

  • Peter A. Soyka

Paperback

ISBN-13: 9780133886573
Creating a Sustainable Organization: Approaches for Enhancing Corporate Value Through Sustainability
Published 2012

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Organizations that prioritize environmental, health, and safety (EHS) issues are well placed to attract better customers, better talent, and today's growing number of socially responsible investors. But, to gain these benefits, companies must choose the right sustainability strategies, and then manage and measure them well. Now, leading business sustainability consultant Peter Soyka offers a complete and actionable guide to driving greater value through sustainability. Soyka bridges the disparate worlds of the EHS/sustainability professional and the investor/analyst, covering all this and more: 

  • What the evidence says about linkages between sustainability and value
  • Key stakeholder relationships influencing corporate behavior related to EHS and social equity
  • Best practices for managing sustainability throughout the business
  • How sustainability posture and performance can be evaluated by investors, markets, and managers
  • How to maximize the influence of organizational actors focused on sustainability

This book will be invaluable for all environmental, health, and safety decision-makers and professionals concerned with improving sustainability and value; for executives and strategists seeking competitive advantage; for analysts evaluating investments; and for researchers and MBA candidates currently studying the techniques and potential of corporate sustainability.

INSTRUCTOR SUPPLEMENTS:  Instructor's Manual available for download at www.pearsonhighered.com.

 

Chapter 1 Introduction    1

Major Themes and Messages in This Book     4

A Few Disclosures and Caveats     9

Endnotes     12

Chapter 2 Background and Context     15

What Is Sustainability, and Why Is It Important to Business?     16

Why Sustainability Is and Will Remain Important to U.S. Corporations     22

Where We’ve Been and What We’ve Learned     29

What ESG/Sustainability Investing Is and Why You May Never Have Heard of It     42

Major Factors, Actors, and Trends     44

ES&G Concerns as Key Requirements and Determinants of Long-Term Business Success     47

Implications for Sustainability Professionals and Others Working on Corporate Sustainability Issues     52

Endnotes     54

Chapter 3 ES&G Issues and How They Affect the Business Enterprise    57

Environmental, Health and Safety, and Social Equity Laws and Regulations     57

An Abridged History     58

Corporate ES&G Obligations     70

Legal Liability     80

Stakeholder Expectations and Nonlegal Requirements     82

Costs and Cost Structure     89

Revenue Impacts     93

Organizational Strength and Capability     96

Endnotes     106

Chapter 4 Stakeholder Interests and Influences and the Social License to Operate    109

The Social License to Operate     111

Major Company Stakeholders     115

Typical Stakeholder Involvement in and Influence on Corporate Behavior     129

Endnotes     147

Chapter 5 Managing ES&G Issues Within the Organization    149

Relationships Among and Between EHS, Social, and Governance Issues     150

Effective ES&G Management Structures and Practices     154

Integrating Sustainability into the Company’s “Organizational DNA”     178

Endnotes     185

Chapter 6 Investors and the Power of Markets    187

Market Theory and Underlying Assumptions     188

Who Investors Are and What They Care About     194

Size and Composition of U.S. Capital Markets     197

Disclosure     201

Institutional Investors and Fiduciary Duty     209

Traditional and Emerging Security Evaluation Methods     214

Socially Responsible Investing (SRI) and ES&G Investing     227

ES&G Evaluation and Investing Methods     232

Barriers to ES&G Investing     239

International Situation and Trends     247

Analysts, Rating Agencies, Data Providers, and Other Intermediaries     251

Trends and Potential Game-Changers     254

Summary and Implications     261

Endnotes     263

Chapter 7 The Financial Impact of Effective (or Ineffective) ES&G/Sustainability Management     267

Insights from the Literature     268

Surveys of Corporate and Investor Attitudes and Beliefs     289

Summary and Implications     299

Endnotes     305

Chapter 8 Defining, Measuring, and Reporting ES&G Performance    307

Why Performance Measurement and Reporting Are Crucial     308

ES&G Data, Information, Knowledge, and Insight     308

Major ES&G Data Types and Sources     310

Creating Knowledge and Insight from Corporate and Industry ES&G Information     314

Key Needs and Gaps     321

Sustainability Reporting: Extent of Use     323

Evaluation of Current ES&G Reporting Practices, Limitations, and Trends     327

ES&G Research and Analysis Firms     339

Potential Improvements     351

Endnotes     356

Chapter 9 Making It Happen in Your Organization    359

Creating Sustainable Value for the Enterprise     360

Implications for Sustainability Professionals     369

What It Takes     372

Closing Thoughts     380

Endnotes     380

References    381

Index    393

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