Industries: Sustainability Literature Review

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Sustainabiltiy in the Finance Industry

The objective of this study is to answer the question of what the Global Knights Top 100 list is and to examine sustainability initiatives in the banking industry, the insurance industry, the real estate industry and the financial services industry. Corporate social responsibility (CSR) is found in this study to be of primary importance for industry sustainability.

Global Knight Top 100 List

The Global 100 process is reported to start each year on the 1st of October at the time the starting universe for the index is reported to have been established. It is reported that the companies in the starting universe "are put through four screens, and the companies that emerge constitute the Global 100 Shortlist." (Corporate Knights, 2015, p. 1) It is reported that the companies in the Shortlist receive scores on the "priority KPIs for their particular GICS Industry" and that the 'top overall performers from each GIDS Sector are named to the Global 100." (Corporate Knights, 2015, p. 1) The Global 100 index from its beginning is reported to have delivered "a total return of 90.76% compared to 96.98% for its benchmark, the MSCI All Country World Index.

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" (Corporate Knights, 2015, p. 1) According tot he report the Global Index has not fallen until this first year-end behind its benchmark and this is reported to be accredited to the U.S. Dollar rising since 81% of the constituents of the Global 100 trade "in non-U.S. denominated currencies, versus approximately 50% for the MSCI ACWI." (Corporate Knights, 2015, p. 1)

II. Sustainability Issues in the Banking Industry

The work of Zappi (2007) addresses sustainability in the banking industry and reports findings that there is a need for a "modular approach given to CSR and the need for integrating CSR into the 'fundamental strategic orientation' of a bank in order to mainstream CSR into the heart of business theory and practice." (p.1) The work of Curado (2008) reports that knowledge management is of primary importance in the banking industry along with intellectual capital.

II. Sustainability in the Insurance Industry

The work of Herweijer, Ranger and Ward (2009) reports that the insurance industry must necessarily adapt to climate changes in the area of underwriting through use of 'risk quantification approaches that include a forward-looking view of risk that is not purely.....

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