[MCN] Companies risk much when not mature enough to tell it like it is: The Wall Street Journal

[Lance Olsen]

The Wall Street Journal Sept 22, 2019
The Potentially High Cost of Not Disclosing ESG Data

Activist investors push companies to disclose information about their environmental and social impact
By Maitane Sardon
Sept. 22, 2019 10:04 pm ET

Many companies have resisted disclosing environmental, social and governance data out of fear of being shunned by investors. These days, not disclosing that information may be even more risky.

Energy giant Exxon Mobil Corp. learned that lesson in June when Legal & General Investment Management, Europe’s second-largest asset manager, removed the company from the holdings of its £5 billion ($6.2 billion) Future World funds, a fund group for investors who consider ESG criteria.

The rest is behind paywall

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“What can be said with assurance is that there is a unique and nearly ubiquitous compound, with the empirical formula H(2960) O(1480) C(1480) N(16) P(1.8) S called living matter. 

Its synthesis, on an oxidized and uncarboxylated earth, is the most intricate feat of chemical engineering ever performed –-- and the most delicate operation that people have ever 

tampered with.”

Edward S. Deevey, Jr. Mineral Cycles.
Scientific American, September 1970

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