- learn about the conceptual framework Hodges' model. A tool that can help integrate HEALTH and SOCIAL CARE, INFORMATICS and EDUCATION. The model is situated, facilitates person-centredness, integrated - holistic care and reflective practice. A new site using Drupal is an ongoing aim - the creation of a reflective workbench. Email: h2cmng @ yahoo.co.uk Welcome

Wednesday, August 28, 2019

Environment, Social, Governance [ESG]

As Greeta Thunberg arrives in New York for the:


... it is interesting to consider not just where 'health' sits within business and commerce, but the themes and issues that it has reached. Now, we are more aware of the dependencies, for example air quality, physical and mental health, but we are still to finish the chapter titled: "The Damage Done".

'Capitalism' remains rapacious in terms of resource use (ironically if the market and prices are cyclical) and we must acknowledge all of economics, from stock exchanges, to cities, to villages in developing countries, but the challenge remains to transform the geometry of our economics to that of a sustainable circle. As per the climate debate, in some instances, we might close certain industries and leave some classes of minerals, elements, fossil fuels in the ground. We should accept that while some economies are more circular than others, sometimes you cannot circle a square?

Below is an investment hierarchy in which I have highlighted health. Education, literacy and environmental awareness are, if not issues (which they are, especially their respective economics) they are much needed individual actions to achieve progress.

The media notes that next month's summit will include 'world leaders'. I wonder how many business leaders will be present? This would be an indicator of corporate social responsibility, looking very positive in the annual report (even if the self-regulation has not yet achieved homeostatis). If you can advise with figures, or if I find the information later next month I will post here.

MSCI ESG Key Issue Hierarchy

3 Pillars 

10 Themes

37 ESG Key Issues

Environment    Climate change
Carbon emissions  Product carbon footprint 
Financing environmental impact
Climate change vulnerability
Natural resources 
Water stress  Biodiversity & land use 
Raw material sourcing
Pollution & waste 
Toxic emissions & waste   Electronic waste Packaging 
Material & Waste
Environmental opportunities
Clean tech 
Green building   Renewable energy
Social    Human capital
Labor management   Health & safety
Human capital development Supply chain labor standards
Product liability 
Product safety & quality  Chemical safety
Financial product safety  Privacy & data security 
Responsible investment  Health & demographic risk
Stakeholder opposition
Controversial Sourcing
Social opportunities 
Access to communications  Access to Health care
Access to finance   Nutrition Health
Governance  Corporate governance*
Board* Pay* Ownership* Accounting*
Corporate behavior 
Business ethics Anti-competitive practices
Tax transparency Corruption & instability
Financial system instability
* Corporate Governance Theme carries weight in the ESG Rating model for all companies. In 2018, we introduce subscores for each of the four underlying issues: Board, Pay, Ownership, and Accounting. https://www.msci.com/documents/10199/123a2b2b-1395-4aa2-a121-ea14de6d708a

My source (MSCI ESG Key Issue Hierarchy p.27):
Norrington, J. (2019) Future Proof Investments, Investors Chronicle, 18-25 April. pp.24-28.