Today’s investors require extensive data to make the right ESG decisions. Portfolio managers are learning to chart the waters to benefit investors and society.
Hypengyophobia [from the Greek “hypengyos”, meaning responsible and “phobos”, meaning fear] is an overwhelming, irrational fear of responsibility. A hypengyophobic person might be self-indulgent, irresponsible, even at the expense of others, and tend to blame others when their own irresponsibility results in failure.
Indonesia is going strong. In recent years, its growth rate has held steady at 6‒7 percent. The McKinsey Global Institute estimates that Indonesia could have the world’s 7th largest economy by 2030, overtaking Germany and the United Kingdom. Indonesia is booming thanks largely to a combination of domestic consumption and productivity growth. Taking advantage of this development and supporting companies in seizing the business opportunities is what keeps the Finnish Ambassador to Indonesia, Kai Sauer, on his toes.
CSR allows companies to step out of harms way and avoid risks. Considerable savings are made on advertising and PR alone when companies need not spend megabucks polishing an image tarnished by oil spills, unethical employee practices or worse. In a reputation economy, trust is priceless.