“Big companies have more work to do in convincing stakeholders that their ESG efforts are legitimate, at a time of heightened scrutiny of such matters and as investors plow trillions of dollars into companies with a sustainable agenda. […] Firms that are engaged in a real effort at reputation risk management get equity boosts, have their capital costs reduced and bounce back sooner from a crisis, especially if they have put in place a third-party verified risk management process, according to Kossovsky.”Agenda, Financial Times Specialist
August 9, 2021
“’That’s the power of disclosing authenticated reputation risk management,’ said Kossovsky.”
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It’s a shame that companies wait for crises to disclose their reputation risk management prowess.
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