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The Sustainability Initiative at MIT Sloan empowers leaders to take action, professionally and personally, so that humans and nature can thrive for generations to come. We are the founders of SHIFT.tools and oversee the platform.
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Employee satisfaction, corporate culture, and financial performance

CURRENT STATE 
The ESG team has qualitatively assessed the value of an inclusive culture in talent-driven organizations using Glassdoor data. Based on that, we have determined that positive cultural metrics could be a leading indicator of financial performance at the firm level, and can be a competitive advantage. 

GOAL STATE 
Increase the quality of our analysis by introducing quantitative measures and conducting back-testing. See a shift in investments towards companies that prioritize strong cultures, including talent management and diversity & inclusion programs. 

DELIVERABLES 
Assessment of 9 Glassdoor metrics, and recommendations on which has the strongest correlation to financial performance; for each metric, is absolute rating, rating relative to peers, or trend in rating most telling? Assessment of reliability of crowd-sourced data is as an indicator of culture; said another way, which company policies or benefits seem to lead to the highest employee satisfaction? Analysis of correlation between Glassdoor data (9 metrics) and financial performance for at least one industry, with a focus on the use case as leading indicator of performance, to reference with investors. Assessment of statistical significance to assess reliability and provides recommendations (whether or not to use the data) based on the sample size and timeliness of reviews Greater understanding of the link between employee satisfaction and stated company culture/policies. Comparison (using a handful of companies within each random sample) of employee satisfaction scores with qualitative assessment of culture (Aspirational). Set up an alert system based on Glassdoor ratings changes to notify ESG Research of a material change (up or down) that may indicate future performance 

Presentation (slides and verbal presentation) to ESG Research Team and other investment professionals about the team‚ analytical findings on one or more industries Includes a deep-dive on a select number of companies from the random sample to connect findings from analysis with qualitative assessment of culture. Audience will include ESG Research, as well as select portfolio managers and fundamental analysts with an interest in incorporating an assessment of culture into analysis 

Resources ( 11)

General result

SASB Materiality Map™

Sustainability Accounting Standards Board (SASB)
Other | Free

SASB’s Materiality Map identifies likely material sustainability issues on an industry-by-industry basis. Click on a highlighted cell at the sector-level and then on any... Read More

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S-Ray - Arabesque

Arabesque
App | Paid

Welcome to Arabesque S-Ray™, our unique tool that allows anyone to monitor the sustainability of over 7,000 of the world’s largest corporations. Smart and simple to use,... Read More

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Dow Jones Sustainability Indices

RobecoSAM
Website | Paid

Since the launch of the Dow Jones Sustainability Index (DJSI) series in 1999, RobecoSAM has develope a series of sustainability indices, primarily targeted at the the asset... Read More

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MIT Sloan Sustainability Initiative: Aggregate Confusion

Sustainability Initiative at MIT Sloan
Other | Free

A research project on the quality of sustainability ratings.

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Is your nonfinancial performance revealing the true value of your business to investors?

Ernst & Young
Book / Report | Free

EY member fi rms are able to conclude from several years of research of ESG reporting that there is a global trend toward increased interest in nonfi nancial information on... Read More

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Gender Equality in Codes of Conduct Guidance

BSR Group
Article | Free | Apr 24, 2017

BSR’s Gender Equality in Codes of Conduct Guidance provides a framework for companies to integrate gender equality considerations into the standards they use to set supply... Read More

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Principles for Sustainable Investment (PRI)

Principles for Responsible Investment (PRI)
Template / Workbook / Spreadsheet | Paid

Comparison Sets: Place-based Sustainability

Understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in... Read More

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Diversity and Inclusion Index | ESG Data

Thomson Reuters
Data / List of Values | Paid

Index and ESG data that cover measures of diversity, inclusion and people development for 5000+ publicly listed companies.

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The Value of Sustainability for HR in Retail

Retail Industry Leaders Association (RILA)
Book / Report | Free

A company’s sustainability program helps ensure its products, services, and operations have a positive impact on people and the environment—from the raw materials it uses,... Read More

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Disclose what matters: Bridging the Gap Between Investor Needs and Company Disclosures on Sustainability

Ceres
Report | Free | Aug 15, 2018

Disclose What Matters analyzes the sustainability disclosures of the world's largest companies and finds that most companies are using comparable and industry-wide... Read More

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Mobilizing Women to Lead on the SDGs

GlobeScan
Other | Free | Dec 13, 2017

A webinar conversation with GlobeScan, Business & Sustainable Development Commission, and Unilever on how business can invest in women to lead on the SDGs.

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