Saudi Arabia's financial power derives from its oil wealth; thus, offering for sale some of Aramco's precious assets could have serious consequences for the royal family's existence. So why is the king pursuing this strategy?
Because the management of sustainability issues influences corporate success, the information that is "material" to investors is rapidly changing, much like the world around it. And as a result, corporate disclosure must evolve.
Since Kickstarter launched in 2009, crowdfunding has become an obsession, and very cool stuff has hit the market as a result. While countless projects fail, some have captured the imagination of investors to far surpass funding goals.
We believe that the future of SIBs and social finance is brighter than ever. But if we are to create a true social capital market, we must be more rigorous, intentional and outcomes-driven than the current approaches.
Between 1997 and 2014, the number of women-owned businesses in the U.S. rose by 68%, twice the growth rate for men and nearly 1.5 times the rate for all companies, according to a report commissioned by American Express OPEN.
Only SEC action can raise the baseline of climate reporting to protect investors, and prevent laggards like Buffett's Berkshire Hathaway from claiming--with little evidence to back up their claims--that they do not face climate risks.