If that happens capital markets will provide incentives for companies to behave responsibly and companies will exhibit those behaviors because they ll have lower costs if they do. But that will depend on organizations like SASB and to what extent they re successful in creating a better information environment for both companies and investors.

 How do your study s findings correlate with how and what you teach at HBS A When I teach I have a few key messages. The first is that our students have agency and can make a difference in a system. Companies are moving to create more diverse Ukraine Mobile Number List workplaces and provide solutions to big global problems because certain business leaders have provided the blueprint for how to do it and remain competitive. Individuals have brought tremendous change to the system by providing leading examples and our students can do the same.  in your business model and your industry your company will have a big impact.



That will positively affect your future profitability through brand building cost savings and employee engagement which then allows you to be a responsible actor and at the same time run a very profitable organization. The third lesson is how those two things come together—making a difference and operating an efficient and profitable organization. It s what I refer to as the transparency revolution. In corporate reporting we ve gone from very few to very many companies reporting their ESG data.