LET’S TALK ABOUT SUSTAINABILITY
(Re)discover our articles on sustainability and positive impact in investment and finance published throughout the summer 2021.
LEARN MOREAll companies should embrace sustainability. They can do this by promoting good governance, transparency, practical measures and sustainable habits. That said, Covid-19 is hindering some decisions.
Sustainable development has become a major concern for citizens and politicians alike, reflected in the ever stricter regulations. Many companies have begun their transition towards greater sustainability and several considerations must be taken into account. We highlight below the five main characteristics:
"It makes sense for companies to move towards a more sustainable model."
Caroline Palumbo - Investment Communication Manager
The “social” (or human) pillar is about having an impact inside and outside the company. Furthermore, the workplace is an ideal place where sustainable values can be developed thanks to diversity. Everyone can play a role by contributing to the “social” pillar. In the example of mentoring, a company is a key player when it provides the wider society with its expertise. With regard to the “economic” pillar, it makes sense for a company to participate in the development of its ecosystem, and favour the transition towards a more sustainable model. Meanwhile it must take into account the risks involved. The “environmental” pillar is the most visible, because the fight against global warming is on all our minds, starting with the reduction of greenhouse gas emissions.
Whether big or small, companies should welcome any actions that contribute to sustainability. Here are some habits that can be adopted outside the workplace too:
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"Citizens can also have a positive impact, by investing in more virtuous active funds, and therefore in sustainable companies. "
Caroline Palumbo - Investment Communication Manager
Companies are legally responsible for the negative impact of operators in their production chain. Furthermore, Europe is increasingly monitoring greenhouse gas emissions (GHG), which are divided into three areas for the purposes of measuring a company's carbon footprint. The first area includes direct emissions (heating, fuel, etc.). The second area relates to indirect energy emissions. And the third (very broad) area covers all other indirect emissions. For example, the purchase of goods and raw materials, or commuting to and from work. The third area remains the big challenge for a company. Citizens can also have a positive impact, by investing in more virtuous active funds, and therefore in sustainable companies.
The opinions given on this website are those of the authors and do not necessarily represent the position of BNP Paribas Wealth Management.
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(Re)discover our articles on sustainability and positive impact in investment and finance published throughout the summer 2021.
LEARN MORE