High to severe environmental, social or governance (ESG) incidents are associated with a 6% average decline in market capitalisation for affected companies over a short-term period, according to a new report by Sustainalytics.
Sustainalytics analysed 13,000 incidents in 2016 and found that incidents are dominated by two categories: quality and safety and business ethics, which together account for 30% of all incidents. Sustainalytics also took a longitudinal approach and also examined 29,000 incidents between 2014 and 2016.
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