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OverviewIn No Small Change, Tessa Hebb examines the ability of pension funds, now the largest single driver of financial markets around the world, to use their ownership position to change corporate practices for the sake of the bottom line and, perhaps, change the world for the better in the process. Pension funds are not the new moral conscience of the twenty-first century, but they are significant owners of today's corporations. Because pension funds have to pay out benefits over many decades, they are increasingly concerned about the long-term value of the stocks they hold in their portfolios. Risks posed by climate change can have a huge impact on future returns. To lower the risks associated with an uncertain future, pension funds are engaging corporations and using their influence to raise the environmental, social, and governance (ESG) standards of companies. At its best, Hebb finds, corporate engagement offers a long-term view of value that both promotes higher ESG standards and adds share value, thus providing long-term benefits to future pension beneficiaries. At its worst it may divert the attention of pension fund officials from their primary responsibility of ensuring the retirement benefits of their members. This book weighs the influence of corporate engagement on firms in an effort to see how the potential from this newly emerging force is being realized. Full Product DetailsAuthor: Tessa HebbPublisher: Cornell University Press Imprint: ILR Press Dimensions: Width: 15.20cm , Height: 1.90cm , Length: 22.90cm Weight: 0.454kg ISBN: 9780801446962ISBN 10: 0801446961 Pages: 168 Publication Date: 07 August 2008 Audience: College/higher education , Professional and scholarly , Undergraduate , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: Awaiting stock  The supplier is currently out of stock of this item. It will be ordered for you and placed on backorder. Once it does come back in stock, we will ship it out for you. Table of ContentsReviewsNo Small Change addresses an implied audience of powerful investors who want to know how to invest in a moral way that sustains the environment and promotes the human condition. Here, finally, is the answer to the question, 'Can you do well by doing good?' -Teresa Ghilarducci, The New School No Small Change addresses an implied audience of powerful investors who want to know how to invest in a moral way that sustains the environment and promotes the human condition. Here, finally, is the answer to the question, 'Can you do well by doing good?' Teresa Ghilarducci, The New School Author InformationTessa Hebb is Director of the Carleton Centre for Community Innovation at Carleton University, Senior Research Associate at the Oxford University Centre for the Environment, and Senior Research Associate in the Labor and Worklife Program at Harvard Law School. She is also Chair of Hebb, Knight and Associates. She is coeditor of Working Capital: The Power of Labor's Pensions, also from Cornell. Tab Content 6Author Website:Countries AvailableAll regions |
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