Companies in developed economies may be congratulating themselves about improved performance on corporate responsibility concerns but some emerging market businesses are beginning to match their peers in some areas, especially when it comes to environmental issues.
Bigger companies in emerging markets such as South Africa, Brazil and South Korea are leading the way in adopting environmental management policies and practices, says a report by the Sustainable Investment Research Analyst Network.
Some investors attending the NAPF conference did not take kindly yesterday to being told by Hector Sants, chief executive of the Financial Services Authority, that they had not done enough to prevent bank boards run amok and destroy value.
He suggested investors had failed to understand what they were buying and were too reliant on company reports, credit rating agencies and other “normal channels of information”. He wants investors to “challenge management to ensure their plans are credible”.
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