S3 E2: “PAYING FOR GOOD” PODCAST ON ‘The Responsibility 100 index’ with Alexandra Mousavizadeh, Tortoise Media

“What gets measured gets managed.”

28th JANUARY 2021

Let’s turn to this week’s podcast. ‘The Tortoise and the Hare’ is a fable by Jean de La Fontaine, inspired by Aesop’s fable of the same name, which I learned in France when I was a little girl. The story goes that this steady creature races the hare, a fast but over-confident competitor, and ends up winning through sheer determination. It was the inspiration for the name ‘Tortoise Media’, our guest on ‘PAYING FOR GOOD’ this week. In this case, it is deep, investigative journalism that hopes to win the race.

In the episode, Alexandra Mousavizadeh, a Partner at Tortoise Media, explains its Responsibility 100 index. It ranks the FTSE100 firms in terms of their contribution to the global sustainability agenda and will soon expand beyond the FTSE100 and the UK market. Uniquely, the index measures the gap between the ‘talk’ – the ESG commitments these firms make – versus their ‘walk’, their performance against these disclosed targets. And this includes what they say and do on pay too.

The index uses only data and information that are publicly disclosed. So, if you’re included in the index, implement great sustainability initiatives but do not disclose them, Alexandra and her team won’t be able to pick them up. Likewise, if you make public commitments but do not support them with specific disclosed actions, then your index score will be affected.

Don’t be fooled: it’s not about under-promising and over-delivering. The Responsibility 100 index also tracks the level of ambition of your ESG promises. Objectives that are not demanding enough will see you lose a few places on the index.

When you listen to Alexandra on the podcast, you will learn about:
o the six pillars of the index methodology: justice, climate, good business, equality, skills and poverty
o the winners, movers-up and laggards in the index
o what the winners have in common.


Your action takeaway:
Alexandra advocates more transparent ESG disclosures and actions. Like me, she also believes that linking your sustainability agenda to your remuneration policy is a catalyst for real progress towards achieving the UN Sustainable Development Goals by 2030.

So, how will you improve your ESG disclosures and link them to your remuneration policy?

As always, if you have any questions on the topic of Responsible Reward, feel free to email me at client.care@peoplenet.ltd.uk or book an introductory call here.