What Gets Funded, Gets Done. Why Materiality Doesn't Move Capital
Companies spend significant time and resources mapping their material ESG risks. They survey stakeholders, build heat maps, and publish disclosures. Then, in most cases, nothing changes in the capital budget. In this new issue Michelle Wicmandy, Senior Sustainabilty Advisor at The ESG Institute, explores why materiality fails to move capital, identifies four structural barriers, and offers a practical toolkit for embedding material risks into the financial and governance decisions where outcomes are determined.
“While directly serving their customers, companies should indirectly serve the interests of society by taking responsibility for the holistic impact of their activities. Its simply a more broad view of value creation. This is what ESG is all about.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth