G&A Business Roundtable Signatory Companies Publishing Sustainability Reports 2019

NEW YORK (PRWEB)
December 13, 2019

In August 2019, almost all the Business Roundtable CEO members (181) signed on to an updated BRT definition of “the purpose of a corporation” which expanded the definition to include a focus on other stakeholders other than investors.

Following this announcement, Governance & Accountability Institute’s research team examined the ESG / sustainability reporting practices of the BRT signatory corporations to examine trends and create a baseline for tracking progress and actions going forward. Today, G&A released these initial benchmark results in a resource paper available on our website.

The original definition followed the Professor Milton Friedman doctrine from the 1970s which said — “…the paramount duty of management and of boards of directors is to the corporation’s stockholders.” The BRT’s updated statement is very different from that approach and embraces the idea that stakeholders really do matter (also including shareholders). The BRT’s updated statement of purpose includes commitments to customers, employees, suppliers, communities, and shareholders. Each of these is “essential,” say the CEO signatories, who commit “to deliver value to all, for the future success of the companies, our communities and our country.”

HIGHLIGHTS OF G&A’S TOP LINE RESULTS

• 
  93% (181 of 193) of BRT member companies’ CEOs are signatories to the updated statement of corporate purpose (at time of research in November 2019)
• 93% (150 of 160) of CEOs of public company members signed on
• 94% (31 of 33) of CEOs of privately-owned company members signed on
• 85% (154 of 181) of CEO signatories’ companies publish sustainability /ESG reports
• 15% (27 of 181) of companies are signatories — but not yet publishing reports

Additional perspectives from G&A; detailed analysis of reporting practices (such as trends in usage of reporting standards like GRI, SASB, TCFD, and the SDGs), and links to external resources are included in G&A’s Resource Paper. Download at: http://www.ga-institute.com/research-reports/resource-papers/gas-analysis-of-the-business-roundtable-companies-esg-reporting-practices-resource-paper.html

G&A Institute Chair Hank Boerner notes: “The January 2019 communication to corporate CEOs by Larry Fink, CEO of BlackRock, head of the world’s largest asset manager and himself a signatory of the BRT statement in August, was an important catalyst in the widening discussion on the role of the large company in the broader society. The BRT statement provided an important focal point for joining in the conversation by stakeholders, including investors. As that discussion continues, we believe it is helpful to understand what the signatories’ companies are doing in terms of ‘walking-the-talk’ of purpose and one way to do this is to examine the public reporting activities.”

Louis D Coppola, VP & Co-Founder of G&A Institute, who designs and manages the corporate reporting research and analysis, adds, “We congratulate the CEOs who have made this commitment through BRT and we look forward to tracking the progress of these companies on aspects of these commitments.”

“It makes sense that these CEOs have now taken this new wider view on the purpose of a corporation, especially as an increasing number of investors are understanding and factoring key ESG data points into their strategy-setting and decision-making. This inaugural report from G&A Institute on the BRT signatories serves as the initial benchmark to examine future progress and momentum for companies in these areas!”

Led by G&A Institute’s Senior ESG Analyst/ Team Leader Elizabeth Peterson, G&A’s research team of talented analyst interns made significant contributions to this study and we proudly recognize them: Julia Nehring, Reilly Sakai, and supporting analyst Yuyou Chen.

G&A plans to continue to track the public disclosure and reporting activities of the BRT companies to detect trends and will share results periodically. For more information, download the complete research paper at: http://www.ga-institute.com/research-reports/resource-papers/gas-analysis-of-the-business-roundtable-companies-esg-reporting-practices-resource-paper.html

ABOUT GOVERNANCE & ACCOUNTABILITY INSTITUTE, INC.

http://www.GA-Institute.com

Founded in 2006, Governance & Accountability Institute is a sustainability consulting and research firm headquartered in NYC, advising corporations and investors on devising and executing winning strategies that help to maximize return on investment at every step of the sustainability journey.

G&A Institute is the Data Partner for the Global Reporting Initiative (GRI) in the US, UK, and Republic of Ireland. G&A’s team performs this pro bono work on behalf of GRI. Over 8+ years, G&A has analyzed more than 7,000 sustainability reports.

G&A’s sustainability-focused consulting and advisory services are organized into three main pillars: (1) Sustainability/ESG Strategies & Consulting Services; (2) Communications & Recognitions; and (3) Investor / Capital Markets Relations. The resources available within each category include sustainability/CSR reporting assistance; materiality assessments; stakeholder engagement; strategy setting; ESG survey responses; ESG benchmarking; investor ESG data review & enhancement; investor relations ESG programs; investor engagement; sustainability communications; manager coaching; team building; training; advice on third-party awards, recognition, and index inclusions; ESG issues monitoring and customized research. G&A’s corporate sustainability leadership package includes many of the above service offerings.

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DALTON, Ga. (PRWEB)
December 11, 2019

AstroTurf®, the inventor and leading innovator of synthetic turf, is pleased to announce some impactful organizational changes effective immediately. Building on the momentum that has been created this year, AstroTurf® moves into 2020 with key personnel announcements that will help to create a better experience for AstroTurf® customers, shape corporate strategy, and contribute to the continuation of the rapid growth of the company.

To manage AstroTurf’s considerable growth in the western United States, AstroTurf’s current PacWest region will now be realigned into Northwest and Southwest regions. Leading the Northwest region will be General Manager, Dominick Berarducci. Dominick has over 17 years of sales success and has been instrumental in building momentum for AstroTurf® in the western part of the United States. Commenting on the promotion, Rich Jordan, AstroTurf Vice President of Business Development and Marketing said, “Dominick’s ability as a mentor and his calm, confident demeanor will continue to serve him well in this important role. His ability to build relationships and identify opportunities make him a valuable asset in our Northwest Region.

AstroTurf’s Southwest Region will be led by industry veteran, Jeff Raiger. Jeff is an industry expert with more than 20 years of successful construction experience and has a proven ability to foster relationships with all stakeholders involved. Commenting on the promotion, Rich Jordan added, “Jeff’s ability to work through challenging sales environments and manage diverse personalities have proven to serve him well in his over 40-year sales and management career. He is a thorough and exemplary sales presenter and has a great ability to mentor and coach teammates to new levels of success. He will be a great General Manager for the region.”

AstroTurf® is also pleased to announce Kim Summers as Director of Sales Analytics. Kim’s primary focus will be to provide the sales and marketing teams with analysis of bid results; provide sales reporting; and providing the regional sales teams with sales support. Commenting on the promotion, Rich Jordan said, “This opportunity brings Kim into a role that capitalizes on all her vast experience in manufacturing, estimating, systems management, product development, and marketing. I have known and worked closely with Kim for over 10 years and I admire her dedication and passion for AstroTurf’s success throughout the entire organization.”

In another move, Gary Jones has been named as the Director of Marketing for AstroTurf®. Gary was promoted from his previous role as Communications Manager for the company. Gary is a graduate of Auburn University and has over 25 years of sales and marketing experience with various types of businesses, products, and events. Rich Jordan, AstroTurf Vice President of Business Development and Marketing said, “Gary has been responsible for growing AstroTurf’s social media presence to the undisputed leadership position within our industry. His ability to think creatively and articulate our many value propositions across our product lines will be instrumental in delivering our marketing initiatives that support and help drive our sales success.”

AstroTurf® is committed to placing the right people in the roles that will not only provide the company with efficiencies and successes, but will more importantly serve its customers with the level of quality and satisfaction that they deserve.

About AstroTurf®

For athletes and sport enthusiasts, AstroTurf® has redefined the way the game is played. The brand offers advanced, state-of-the-art, multi-sport and specialized synthetic turf systems with proprietary engineered technologies. A growing number of high schools, colleges, professional sports teams and municipalities continue to select AstroTurf-branded products for their premium quality, technical superiority, and safety. To learn more, visit AstroTurf’s website at http://www.astroturf.com.

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