On 16 October the Standards Board of the American SASB signs off on the world’s first set of industry-specific sustainability accounting standards covering financially material issues. The final, codified standards cover 77 industries and address sustainability factors most likely to have financially material impacts on the typical company in an industry. It follows six years of research and consultations. Said SASB … more
On 19 September the share price of Swiss recruitment specialist Adecco falls to a two-year low. It follows an unexpectedly weak trading statement by the company, signaling the risks of significant economic slowdown in Europe. Adecco shares fell over 6% to SFr54.08 after the group reported revenues grew by just 2% in July and August. A year earlier its share … more
On 14 August a highway bridge collapses in Genoa, Italy, during heavy traffic and rain. Fourty three people die. Amidst furious public reaction, Ministers point fingers to the bridge operator Autostrade per l’Italia. It also implies the family empire Benetton, a controlling shareholder in infrastructure holding company Atlantia that owns Autostrade. Edizione, a €12 billion Benetton family holding company, has a … more
