In her talk Nicole Notat stressed the increase in social and environmental risk for companies. Given the need for regulation of the global economy, the multinationals are increasingly under pressure to behave in a socially responsible manner.
They are expected to demonstrate commitment to standards in the areas of ethical behaviour, the environment and sustainable development. For banks, in particular, this means that they are being challenged on issues such as over-indebtedness, money laundering and the quality of the information given to clients.
It is Vigeo's task to assess how far companies live up to all these commitments and to award ratings accordingly. Two products are available: the rating supplied to asset managers who wish to invest responsibly and the rating requested by companies themselves by way of evaluation of their managerial policies in these areas.
For the Global Social Business Summit event, which took place on the 7th of November 2017 in...