EFFAS Commission on ESG

Archive for June 8th, 2011

Economic Responsibility 3.0. An Update on General ESG Responsibility.

Wednesday, June 8th, 2011

The financial, economic, and debt crisis, the nuclear catastrophe in Japan, and the crisis in the Arab region highlight the fact that we need to demand comprehensive global ESG responsibility. We cannot carry on like this.

  • The global economy has to be aligned with the ESG criteria – not the least as a result of the crises
  • 50 specific updated approaches to improvement
  • Economic actions have to be adjusted and/or reformed

Responsibility and crises – measures and ideas geared towards avoiding financial, economic, confidence, social, and ecological crises in the future.

This link takes you to the report.

Author of the report is Fritz Mostboeck, Vice-Chairman of OEVFA (Austrian Association for Financial Analysis and Asset Management) and Member of the Executive Management Committee of EFFAS (The European Federation of
Financial Analysts Societies), the umbrella organisation of all European analyst associations with a total of more than 16,000 members in Europe. Fritz Mostboeck was watching the crisis over the past years very carefully. The current global environment (catastrophe in Japan, crisis in the Arab region, commodity prices) required an update on the basis of the 1st and the 2nd OEVFA Publication on Responsibility (November 2004 and June 2010).