This week we had the pleasure of Prof. Alminas Žaldokas of NUS Business School sharing his latest research titled "ESG Shocks in Global Supply Chains" during our SGFIN Research Seminar. His presentation shed light on how environmental and social (E&S) incidents within supply chains are transforming trade relationships, investor perspectives, and supplier actions: 🔹 The ESG-Driven Shift: When suppliers face E&S incidents, U.S. companies often respond with "discipline by exit"—reducing or ending trade—to derisk their exposure, thus encouraging suppliers to adopt better ESG practices, especially when investor pressure is involved. 🔹 Investor and Consumer Impact: ESG-conscious investors play a key role in prompting companies to reassess suppliers. While consumer boycotts have limited effects, realignments in supplier relationships closely follow investor priorities, underscoring the financial market's influence on sustainable business practices. 🔹 Regulatory Landscape: Public companies face unique pressures to meet ESG standards, with regulations like the EU Corporate Sustainability Due Diligence Directive encouraging self-regulation and indirectly impacting foreign suppliers. This highlights the growing reach of regulatory frameworks across borders. Prof. Alminas' research highlights a transformative moment in sustainable finance, where regulatory changes, investor expectations, and corporate actions converge to drive real change in global supply chains. Thank you, Prof. Alminas, for the enriching experience and valuable insights! Sumit Agarwal Johan Sulaeman Zhang Weina (Post contributed by Ahmed Syalabi Seet, Research Associate at NUS SGFIN)
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South Asia climate and sustainability researchers and experts. I am guest editing a special issue on the topic for the South Asia Journal of Business Studies. The call for papers is out and looking forward to receiving your submissions. We particularly welcome proposals from practitioners to ensure that the special issue has a blend of academic research and on-the-ground perspectives from business. Please reach out to me or co-editor #JosephMicale with questions or ideas for the special issue. #Emerald, #climate, #sustainability, #India
I am delighted that SAJBS will publish a Special Issue on ESG in South Asia. Deadline for Paper submissions January 10th, 2025. Vasuki Shastry and Joseph Micale will be the guest editors. Please think about conceptual and empirical papers that discuss ESG issues in South Asia. Vasuki Shastry Joseph Micale, PhD CPA South Asian Journal of Business Studies Eastern Academy of Management Oya Tukel
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A key milestone that I set earlier this year was to publish my first research paper. Today, this key milestone is one step closer as I’m honored to announce that our recent research paper is submitted and currently under review from GFII2024 (Green and Digital Finance and Investment Initiatives (GFII): With a Focus on Diversifying Strategies in GCC and Beyond). This work represents focused collaboration, in-depth analysis, and a shared commitment to advancing our understanding of Corporate Governance and Financial Performance in the context of Climate Change. Our team: Dr. Aws AlHares , Salma AlSowaigh, aPHRi , Hassan Al Faraj, (PMP)® , and myself has been dedicated and hope that this , with the hope that our study will contribute valuable insights to the field and inspire further exploration. We look forward to the approval to be presenting in the next Conference for GFII (Green and Digital Finance and Investment Initiatives), we remain optimistic that our research will make a meaningful impact within the scientific community. #CorporateGovernance #FinancialPerformance #MBA #ResearchPaper #PrinceMohammedBinFahdUniversity #PMU
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This year, I had the honor of contributing to the chapter 1 of the recently released APTIR 2023/24, where the focus was to examine the role of digital trade in advancing the sustainable development goals (SDGs). Following an extensive literature review and econometric analysis, our findings underscore the pivotal role of digital trade in advancing SDG outcomes, particularly in Social SDGs (3, 4, 5, 10). Notably, our research also highlights the promising potential of digital trade in advancing environmental, economic, and governance goals. In collaboration with Witada Anukoonwattaka and Pedro Romão, our upcoming background paper will delve even deeper into the pathway analysis and technical intricacies of the study. Finally, a heartfelt thank you to Yann Duval, Witada Anukoonwattaka and the entire TPFS team for their invaluable guidance throughout the study! Grateful for the opportunity to contribute to meaningful research. https://lnkd.in/gnejm6db #DigitalTrade #SDGs #researchforchange #sustainabledevelopmentgoals #economicdevelopment
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‘Reasons for optimism - How we can shift capital flows and accelerate change.’ In partnership with INFINZ, CSF was pleased to welcome international experts Sean Kidney, Co-founder and CEO, Climate Bonds Initiative, Mushtaq Kapasi, Managing Director, Chief Representative Asia Pacific - ICMA - International Capital Market Association and Kristy Graham, Chief Executive Australian Sustainable Finance Institute to share their insights about global trends and innovation in sustainable finance and reasons for optimism. Key takeaways from the discussion: - Direction of travel = Country-level transition plans, accompanied by investment plans. - Traditional success metric has been the size of the green bond market - but investors and governments are now looking more at the overall impact of these instruments and their investments. - For taxonomies and disclosure standards - usability is key and clarity of purpose is helpful for designing usable tools. Jo Kelly Jim McElwain #sustainablefinance
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GREEN BONDS HOW PRACTICAL IT WILL HELP ENVIRONMENT? IT IS LIKE OUR DUMMY LOKAYUKTA AND OTHER ANTI CORRUPTION AGENCIESLOT OF NOISE BUT NO IMPACT. GREEN BONDS ARE LIKE ALCHOHAL COMPANIES CONDUCTING FREE HEALTH CAMPS
The Office of Research and Publications at IIMB will host a research seminar for the IIMB community, delivered by Dr. Jitendra Aswani, MIT Sloan School of Management. Dr. Aswani’s study examines green bonds and their effectiveness in achieving sustainability goals. While green bonds attract a premium in financial markets, particularly among financial institutions, their environmental impact remains questionable. On 29 November 2024, the session will explore the need for greater due diligence and accountability in using financial instruments to combat climate change. Time: 3 pm | Venue: Classroom P-21 For more details, click: https://lnkd.in/d6Fg73Ug #IIMB #Research #Publications #ResearchSeminar #GreenBonds #SustainableFinance #LendingPractices
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It took us 2 years to get this paper published. Analytics technology in emerging economies will enhance delivery of superior business. We looked at the factors affecting the acceptence of these technologies. Grab a copy of this paper on Emerald. https://lnkd.in/ezc7UBtK
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IFC’s long standing partner TKYD Institute in Türkiye launched the ESG Certificate Program that we're happy to endorse and support! Supported by IFC and Boğaziçi University, the first semester of the ESG Certificate Program starts on April 18, 2024. You may contact TKYD Institute for details: Nihal Mashaki, Zeynep Edis, Aslıhan Bozkurt. The ESG Certificate Program is for organizations that see ESG as the main driver of long-term growth. Consisting of 10 training modules and two experience-sharing webinars, the program discusses the benefits of ESG as a key to long-term growth, value-driven strategies, and the profits that companies generate via models shaped by this strategy. This program highlights how the world will evolve, how systems will evolve, implementation methods, and specifically ESG management; it is a specialization program designed for professionals to learn how to integrate sustainability goals into their systems.
TKYD Enstitü olarak, Boğaziçi Üniversitesi Finans Uygulama ve Araştırma Merkezi ve International Finance Corporation (IFC) destekleri ile hayata geçireceğimiz ESG Sertifika Programımızın lansmanındaydık. Boğaziçi Üniversitesi Rektörlük Konferans Salonu’nda gerçekleştirdiğimiz lansmanımızın açılış konuşmalarını, Boğaziçi Üniversitesi Finans Araştırma ve Uygulama Merkezi Müdürü Prof. Dr. Vedat Akgiray, Boğaziçi Üniversitesi Finans Araştırma ve Uygulama Merkezi Müdür Yardımcısı Prof. Dr. Cem Avcı, Başkanımız Dr. Tamer Saka, IFC Orta Asya ve Türkiye Entegre ESG Standartları Programı Ekip Lideri Adalyat Abdumanapova yaptı. ESG Sertifika programımızı TKYD Yönetim Kurulu Üyesi, TKYD Enstitü Yürütme Kurulu Üyesi, TKYD ESG Çalışma Grubu Başkanı, Avukat Nihal Mashaki katılımcılarımıza anlattı. Programımızın ilk dönemi 18 Nisan 2024 tarihinde başlayacak. Detaylar için bizi takip etmeye devam edebilirsiniz. #TürkiyeKurumsalYönetimDerneği #TKYD #KurumsalYönetim #ESGSertifikaProgramı #BoğaziçiÜniversitesiFinansUygulamaveAraştırmaMerkezi #InternationalFinanceCorporation
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In this episode, Matthias Catón speaks with Talal Rafi, Senior Global Management Consultant at Deloitte and a Deloitte Global Economist Network member. The discussion investigates how markets, notably emerging markets, can navigate the current economic climate when developing corporate strategies. Talal highlights the importance of supply-chain diversification through different lenses, how democracy can influence investment choices, and the transformation of economies during sustainability. https://lnkd.in/egyjSUNQ #CorporateStrategies #EmergingMarkets #GlobalManagement #GlobalEconomy
Corporate strategies for emerging markets
https://businessdiplomacy.today
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Alhamdulillah! We are thrilled to announce that our newest paper, "Unlocking sustainable development in East Asia Pacific and South Asia: An econometric exploration of ESG initiatives," has been published in the hashtag #Sustainable_Environment, a Journal of Tailor & Francis Group. Scopus: Q1, Web of Science: SSCI Impact Factor: 2.3 This project was the true picture of international collaboration and cooperation reaching a new high. Thanks to the editor and the anonymous reviewers. Congratulations to all the co-authors for their insightful contributions to the paper. This study employs a rigorous econometric approach to investigate the intricate interrelationships among environmental, social, and governance (ESG) factors and their impact on GDP growth and the attainment of Sustainable Development Goals (SDGs) in East Asia-Pacific and South Asian countries. The findings substantiate the significant long-run associations between ESG factors, GDP growth, and SDGs. This research emphasizes the distinctive aspect of meticulously assessing the interconnections of each country. Notably, this study innovates by considering environmental, social, and governance indicators alongside GDP growth to comprehensively evaluate their impact on SDGs. The study establishes significant relationships between environmental, social, and governance factors, GDP growth, and SDGs, providing valuable insights for policymakers and researchers alike. Link to the paper: https://lnkd.in/gjAtTS7a #Research #academicresearch #Impactfulresearch #academicwritting
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I recommend this recent paper published in Nature especially for those supporting the transition towards a lower carbon economy of companies in emerging markets: https://lnkd.in/eDnHHywt. ➡️The paper raises a critical concern about unequal effort-sharing in an uneven world. It argues that most science-based targets rely on modelled global or regional average rates of emission reductions to set near-term company-level targets. This approach fails to address the complexities of equity and fairness. ➡️It recommends shifting from one-size-fits-all rules to more flexible, transparent strategies tailored to each company’s circumstances, with mandatory disclosure and justification. This approach should include equity principles, crucial for companies in emerging markets and the banks that finance them. 🌎What stands out to me is the emphasis on the significant gap between developed and emerging markets: nearly 90% of companies with 1.5°C-aligned targets are in advanced economies, while less than 1% are in Africa. This bias highlights the difficulties of applying one-size-fits-all models, which often ignore the unique challenges and capacities of different regions. Developed nations frequently aim for "net zero by 2050," but these targets often overlook the importance of global equity and the varying responsibilities of different regions.
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Connect the Dots | Sustainable Value Chain Risk Management | Applied Mindfulness
1moThis is such an intriguing and real world topic, so relevant to most companies - well, at least mine. 👋 MSc SGF juniors, hope you are aware how fortunate you are to have these weekly expert seminars. Wish SGFIN would invite alumnus too ;p