Daily Archives: Jan 18, 2023
How ESG Influence Profitability and Transparency in FT 500 Companies Presented in New Research From CSE
Discover why 'doing business as usual' is no longer a valid option and the shift to 'doing business in a sustainable way' is the only way that will secure companies' trust and access to financing.
For the sixth consecutive year, the Center for Sustainability and Excellence is proud to announce the unique findings from its Research in ESG Ratings and Reporting Trends, focusing on ESG best practices and standards used in 2022. CSE's research examined the ESG practices and commitments of more than 400 FT 500 companies in North America and Europe from 31 sectors, with a high percentage of profitability within the last years. CSE's research identified the Top 25 ESG Performing Companies and Top 10 per Sector and explored common success practices, including the most widely used ESG Standards and goals setting.
The research's findings verified that there is indeed an increased influence between financial performance, brand credibility and ESG good practices. More specifically, the 25 companies such as General Mills, Ford, NIKE, Target, AIG with the highest percentage increase in profits between 2020 and 2021, are characterized by the following:
Common Practices
High in average consolidated ratings on four ESG ratings (MSCI, CDP, Sustainalytics, and S&P Global), use of ESG-related standards (GRI, SASB, TCFD) and incorporation of stakeholder concerns and preferences into their strategies, comprehensive independent ESG reporting, as well as commitment to ambitious quantitative goals.
Leading and Lagging Sectors
Regarding the ESG incorporation potential, the sectors of "Beverage & Food Consumer Products", "Real Estate" and "Insurance: Life & Health (Mutual, Stock)" are clearly leading the way. The lagging sectors are Diversified Financials, Food Production, Insurance (Property & Casual), Metals, and Petroleum Refining/Energy.
Climate Commitments and Transparency
The research demonstrates that although companies set ambitious goals, there is still lack of transparency, e.g 29% of the companies validated near-term reduction targets and almost 50% set net-zero targets. It remains to be seen if these goals are true, or wishful thinking, or unintentional greenwashing.
The rise of ESG Standards. Independent Sustainability Reporting Is Becoming More Important Than Ever
Out of 310 companies evaluated, 86% have published an accessible, independent Sustainability (ESG) report, but only 30% have an External Assurance.
Τhe preferred ESG Standards: 44% have included reference and commitments to the UN SDGs, 74% have complied with the SASB Standards, and 64% reference the recommendations of the TCFD. The use of specific global standards and frameworks verifies that top companies adopt a more strategic approach towards ESG, aiming to secure better consolidation of scores, easier comparability and greater transparency.
Upcoming Certified Training Programs
About CSE
CSE is one of the leading ESG Consulting and Educational companies specializing in maximizing social, economic and environmental impact. CSE has qualified over 8,500 Sustainability and ESG professionals in 90 countries with its global Certified Sustainability - ESG Practitioner Program and Sustainability Academy educational platform.
For more information, contact us at communications@cse-net.org
Contact Information:
Maria Bena
Communications Executive
communications@cse-net.org
Related Files
CSE New Research INFOGRAPHIC.pdf
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Original Source: How ESG Influence Profitability and Transparency in FT 500 Companies Presented in New Research From CSE
Crosslake Accelerates European Presence With Intechnica Acquisition
UK-based private equity tech advisory expands Crosslake's global capabilities
CHARLOTTE, N.C. - January 18, 2023 - (Newswire.com)
Crosslake Technologies, a leader in data-driven technology advisory services for private equity firms and their portfolio companies, announced today the acquisition of Intechnica, a technology firm specializing in due diligence, value creation and bespoke digital products and solutions. Headquartered in Manchester, England, Intechnica will accelerate Crosslake's global growth strategy.
"Our mission is to help investors and management teams create value by providing the most relevant technology expertise, data and tools," said Crosslake CEO, Barr Blanton. "Intechnica has built a stellar team with a similar vision and complementary capabilities. In addition to their incredible track record as advisors, Intechnica is also uniquely positioned to leverage its digital labs and data science expertise to help companies take action on some of the most common tech challenges uncovered during diligence, accelerating the development of products and solutions that create lasting impact."
"Together, the combined teams of Crosslake and Intechnica will become a leader in Europe, building on each other's strengths and accelerating value creation for clients," said Intechnica's founder, Jeremy Gidlow. "Crosslake's experience, data and expertise - especially in the areas of cybersecurity, engineering and enterprise systems - complements our current offerings and allows us to more fully create impact for clients. At the same time, we're also able to leverage Crosslake's global reach to expand the impact of our bespoke digital labs and data science services."
Crosslake is backed by Charlotte-based private equity firm Falfurrias Capital Partners, and the acquisition of Intechnica marks Crosslake's fourth strategic growth investment since 2020. Over the last two years, Crosslake has augmented its capabilities with proprietary, data-powered technology due diligence platforms and expanded its offerings in the areas of cybersecurity, enterprise systems, integrations and carveouts.
"With a clear vision and a strong leadership team, Crosslake continues to solidify its position as the preeminent tech advisory firm for private equity investors and their portfolio companies," said Wilson Sullivan, partner with Falfurrias Capital Partners. "They have a history of success in expanding their solution suite through acquisition of firms that share their commitment to client service and technology thought leadership."
About Crosslake
Crosslake was founded in 2010 by an original member of Microsoft's Engineering Excellence team with the intent to help changemakers buy, build and run technology that creates value. Crosslake's unmatched community of technical practitioners - former CTOs, CIOs, architects and engineers - are skilled at translating technology buzzwords into actionable, business-focused insight. Their seasoned judgment is supported by the patented Corsis® platform, which leverages data from more than 3,500 prior technology M&A transactions to define objective, measurable TechIndicators® that private equity investors and management teams rely upon to deliver strategic value creation initiatives and inform diligence. Learn more at: www.crosslaketech.com.
About Intechnica
Intechnica assesses, advises on, and builds technology for some of the UK's fastest-growing brands. Founded in 2006, Intechnica works in partnership with businesses, investors and enterprises to make technology make a difference. A trusted advisor to the private equity industry, Intechnica's specialist assessments and technology due diligence have supported over 350 transactions around the globe, with a value of over $15 billion. Intechnica's specialist advisory services support growing companies as they scale, providing technical leadership, product innovation, governance and reporting. These services are augmented by Intechnica's digital labs, which help businesses unlock value through high-performance, bespoke technology solutions for financial services, retail, healthcare, manufacturing and public sector. Learn more at: www.intechnica.com.
About Falfurrias Capital Partners
Falfurrias Capital Partners is a Charlotte-based private equity investment firm founded in 2006 by Hugh McColl Jr., former chairman and CEO of Bank of America; Marc Oken, former CFO of Bank of America; and Managing Partner Ed McMahan. The firm has raised more than $1.9 billion across five funds and invests in growing, middle-market businesses in sectors where the firm's operational resources, relationships and sector expertise can be employed to complement portfolio company executive teams in support of growth objectives. Falfurrias Capital Partners employs a proprietary, research-based process called "Industry First" to identify markets with durable growth trends, construct a thesis based on research findings, and partner with management teams to create strategic value. For more information, visit www.falfurriascapital.com.
Contact Information:
Kerri Atkinson
kerria@crosslaketech.com
+1 (214) 5322552
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Original Source: Crosslake Accelerates European Presence With Intechnica Acquisition
Learn About Edison Aerospace Green Energy Solutions
Edison Aerospace presents renewable green energy agricultural aviation solution at NAAA Convention January 15, 2023 – Miami, FL – The December 2022 annual convention of the National Agricultural Aviation Association (NAAA) was the very first opportunity for Ag spray operators and pilots to see the Edison Heavy1 prototype spray aircraft. Read more…