The ESG Weekly: Stakeholders are not happy about Siemens' coal by association for the week of February 3.
Companies are finding they can now be guilty by association and
attract the ire of stakeholders for something as simple as a
railway. Siemens found this out after it invested a relatively
small amount in a signaling system for a railway that connected a
c
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Environmental, social, and governance (ESG) news and investment research brought to you weekly covering major market trends and new research insights.
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vor 5 Jahren
Companies are finding they can now be guilty by association and
attract the ire of stakeholders for something as simple as a
railway. Siemens found this out after it invested a relatively
small amount in a signaling system for a railway that connected a
coal mine in Australia. Many of Siemens' stakeholders descended,
and it got so bad that both the CEO and Chairman of the company had
to weigh in and it did not go very well. This week we discuss what
happens when a company decides to invest even a small amount in a
controversial project.
attract the ire of stakeholders for something as simple as a
railway. Siemens found this out after it invested a relatively
small amount in a signaling system for a railway that connected a
coal mine in Australia. Many of Siemens' stakeholders descended,
and it got so bad that both the CEO and Chairman of the company had
to weigh in and it did not go very well. This week we discuss what
happens when a company decides to invest even a small amount in a
controversial project.
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