Other findings were that most believed sustainability efforts had brought real benefits and said ESG engagement with investors had been mostly positive.
They also reported that while about half of big companies had ESG targets—many linked to executive compensation—smaller, private companies lagged behind.
For public companies investors were most influential, followed by regulators, while directors of private businesses ranked their customers as top with investors in second place.
“You had a wind that was giving companies and boards energy, and now you have a countervailing wind of political backlash,” Smith said.
Despite those changes, half of respondents believe ESG will continue to be an important driver of their business decisions and strategy.
Persons:
aren’t, —, ”, Kristin Campbell, Campbell, “, Alan Smith —, Smith, ” Hilton’s Campbell, ” Smith, ESG, ” Campbell, — hadn’t, Rob Sloan
Organizations:
Pro, National Association of Corporate, ESG, Hilton Worldwide Holdings, Regency Centers, HSBC, Estates, Sustainable Business, rob.sloan@wsj.com
Locations:
U.S