This speech examines the evolution of corporate governance, focusing on the shift towards shareholder primacy. It discusses the incentive problems this model creates, such as short-termism and excessive risk-taking, and their economic consequences. The speech concludes by exploring potential policy responses to mitigate these issues.

This report explores how multinational corporations can support conflict prevention and resolution. It emphasizes the cost of conflict to corporate operations and reputation, identifies opportunities for corporate leadership, and provides case studies of how some corporations work with local governments, NGOs, and social entrepreneurs.

The Taskforce on Nature-related Financial Disclosures (TNFD) has released a beta version of its Nature-related Risk and Opportunity Management and Disclosure Framework. The framework aims to deliver a risk management and disclosure framework for organisations to report and act on evolving nature-related risks and opportunities.

The authors of this paper argue that institutional investors need to move beyond Modern Portfolio Theory (MPT), and consider a wider risk management strategy. The paper outlines the potential failings of MPT and suggests ways for institutional investors to better align with the needs of society and the economy.

This report assesses the climate and biodiversity policies and practices of 77 of the world’s largest asset managers, who collectively hold over $77 trillion in assets. The report finds that asset managers need stronger and more comprehensive net-zero targets, consistent with limiting biodiversity loss, and a greater focus on climate scenario analysis.

This report emphasises the need for investors to consider the physical and transitional risks of climate change in their portfolios. It highlights the importance of integrating carbon pricing and scenario analysis into investment processes. The report advocates for greater education and improved disclosure from issuers to facilitate better climate-related analysis.

This report explores the rising trend of share buybacks, analysing their benefits and pitfalls. It offers practical tools, guidelines, and measures to mitigate the risks, improve transparency, and ensure buybacks match long-term company strategies.

The report provides a roadmap for textile brands to commit and implement living wages in their supply chains, as well as explain the importance of providing decent wages to workers.

This report explores how climate awareness is being integrated into underwriting, investment, and group-wide risk management practices in the insurance industry. It identifies common barriers and presents a practical framework of eight building blocks relevant for insurers introducing and developing climate strategies. Based on interviews with 14 proactive insurers.

This report introduces the standards-related work of the International Labour Organization, aimed at improving labour conditions and protecting workers' rights worldwide. It describes the processes for adopting labour standards and includes an outline of the topics covered by these standards, along with a discussion of their benefits.

This report examines the purchasing practices of clothing brands operating in Australia and highlights the impact on women workers in the countries where clothing is made. It calls on brands to publish a plan and commitment to ensuring a living wage for workers throughout their supply chains.

This report provides guidelines for organisations to measure their sustainability performance and report effectively. The document presents indicators for three areas: economy, society, and environment; these are divided into tiers. It also developed a two-tier framework that uses 61 indicators to assess sustainability performance and progress at an organisational level.

This paper investigates the relationship between environmental, social and governance (ESG) exposures and factor returns for 1,312 US equity mutual funds. The study suggests that factor tilts, rather than pure ESG considerations, drive factor returns. ESG components unrelated to factors carry insignificant excess return premiums that are economically small.

This report examines the growing importance of Learning & Development (L&D) programmes for businesses. It highlights the increasing recognition of L&D as a strategic investment, particularly for upskilling and reskilling employees to address the skills gap. The report also explores the challenges in L&D implementation, such as low employee engagement and vendor satisfaction, and offers insights into the future of corporate L&D, including trends in digitalisation and budget growth.

This report provides practical insights for pension scheme trustees in aligning their investments with a net zero pathway. The guide's tips are broadly applicable to pension funds across the globe. It defines "net zero," the challenges and opportunities facing trustees, and the importance of stakeholder engagement in crafting a successful transition.

This report is a toolbox of options for central banks and supervisors to align crisis response measures with climate and sustainability objectives. The second edition includes an extended analysis of sustainability-linked measures. It also highlights the importance of moving from voluntary to mandatory environmental reporting and recommends efficient disclosure to regulated financial institutions.