Business Ethics and Culture
Business ethics is at the core of companies’ operations. Companies have to rebuild trust, accelerate a cultural shift and set standards for themselves and the industry where business decisions are based on sustainable growth over the long-term. Governments, investors and other stakeholders are increasingly challenging companies and expecting them to contribute to an effective regulatory system; integrate and communicate openly and transparently about culture and values; and adopt pay principles that are aligned with the values and behaviour aimed at achieving sustainable long-term growth – all in an effort to herald the return of the Affectio Societatis.
This engagement will run for three years and focus initially on approximately 15 companies in the financial services sector. Thereafter, we will roll the engagement out to companies in the pharmaceutical, retail, manufacturing, telecommunications and/or food production sectors. Business ethics, or a lack thereof, presents a material risk to companies in all these sectors. All companies included in this engagement will be selected from the MSCI All Country All World Index.
For more information, please see our Stewardship & Risk brochure, or contact the responsible Engagement Manager.
This engagement project is open for investors and will start when there is sufficient participation.