The focus on environmental, social and governance changes at America's biggest companies is a response to demand from consumers and investors, CGrantWSJ writes
It seems the modern corporate mission statement could use an update: Do well by doing good—or else.
Exxon Mobil shareholders elected two directors nominated by an upstart activist hedge fund unhappy with the oil giant’s climate policies The vote marks a high point of sorts for the multiyear ESG movement, a framework that calls for investors to consider a company’s overall impact on the world beyond its financial returns. The trend shows no signs of slowing down. There have been 610 news releases mentioning environmental, social and governance principles from current S&P 500 members so far this year through May, according to data from financial research firm Sentieo.
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