A new report from credit-rating firm Moody’s highlights that environment-related risk is a growing focus for investors as biodiversity loss globally intensifies
- Oct 06, 2022, 6:00 PM CDTMoody’s: Companies in high-risk sectors face the likelihood of greater regulatory and investor scrutiny.Major industrial sectors that rely on natural capital can also adversely affect natural resources. Environment-related risk is a growing focus for investors as biodiversity loss globally intensifies. As a result, nine sectors—including metals mining, coal mining, and the oil and gas industry—have nearly $1.
“Companies in high-risk sectors face the likelihood of greater regulatory and investor scrutiny,” the credit rating agency notes. Protein and agriculture, steel, and environmental services and waste management are the sectors most dependent on natural resources, Moody’s analysis showed. As investors and policymakers focus more and more on sustainability and ESG, companies—regardless of the sector—which do not have credible ESG management strategies could see serious financial losses on top of a tarnished reputation, according to Moody’s.
“ESG controversies can inflict reputational damage with significant financial and legal repercussions. Firms that actively manage these risks do a better job of boosting shareholder value,”“Together, the results of these research studies show the relevance of ESG controversies to a firm’s financial performance and, importantly, that companies can influence their ESG risk management cultures, while benefiting shareholders and other stakeholders,” Dwyer added.
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