![]() “We need to focus on the gap between what companies say and what they do to make real progress.” “There are new data points and new metrics that are becoming more relevant, and some are big, for example, transition plans,” Patricia Pina, product research and innovation head, said. Clarity AI, a technology platform that provides sustainability information to the finance industry, says it’s experimenting with satellite data amid demand from clients to confirm information provided by corporations. The composition of supply chains is set to play an increasingly important role for businesses and investors as new regulations raise the specter of legal liability for those who fail to screen for violations.Ī study by RBC Capital Markets found that this year’s proxy season saw an increase in the number of shareholder proposals on ESG risks supply chains. Yet in some states, Republican lawmakers are seeking to relax laws amid labor shortages. That’s ignited a political firestorm, with Democrats wanting more resources to police employers. The US Department of Labor says there’s been a 69% jump in illegal child labor since 2018. ![]() ![]() The downgrade follows months of revelations first reported by the New York Times that companies have been employing children as young as 12 to work in dangerous conditions. In last year’s ranking, the US posed a “medium” supply-chain risk in the Elevate scale, which has four levels spanning “low” to “extreme.” The authors of the Elevate report said they found it “especially concerning” that the deterioration registered in US scores was tied to the “most severe forms of ESG risk,” such as those relating to the treatment of children. The US saw its ranking decline on almost all metrics, according to an analysis published Wednesday by Elevate, an ESG advisory and analytics company that’s owned by LRQA, which sits in the investment arm of Goldman Sachs Group Inc. (Bloomberg) - The US has joined a list of mostly emerging-market countries where ESG supply-chain risks are “high,” after the world’s richest economy failed to provide adequate protections for vulnerable populations including migrant children, according to a fresh study.
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