EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE FEBRUARY 2014 EDITION.
It has become more and more clear that shareholders can have tremendous leverage to influence corporate and industry practices globally, often in collaboration with coalitions of other shareholders and activist organizations. While one voice can make a difference, the collective voice of these coalitions is dramatically amplified. Impact and change cannot always be defined by a single act or response, but a series of events and changes can affect the entire trajectory of a company or sector’s approach in managing key ESG risks and leveraging opportunities. It may take years for efforts of constructive dialogue to bear fruit, but like a patient vintner tending her grapes, the results can be bountiful, robust, and long-lasting. The approach must continue to be global, transparent, and focused on the long-term to bear more sustainable bounty.