A Message from the Editor

• Author: Don Chew
• Date: 01 June 2019
• Published date: 01 June 2019
• DOI: http://doi.org/10.1111/jacf.12339

IN THIS ISSUE:

Sustainable

Financial

Management

8A Fireside Chat with Raj Gupta: What It Takes to

Create Long-Term Value

An Interview with Raj Gupta, Chairman, Aptiv Plc and Avantor, Inc.

15 Aptiv Becoming a More Sustainable Business

Kevin P. Clark, President and CEO, Aptiv Plc

22 e Economic Signicance of Long-Term Plans

Sakis Kotsantonis, Christina Rehnberg, and Bronagh Ward, KKS Advisors; George Serafeim,

Harvard Business School; and Brian Tomlinson, CECP Strategic Investor Initiative

34 Private Equity 4.0: Using ESG to Create More Value with Less Risk

Reynir Indahl and Hannah Gunvor Jacobsen, Summa Equity

42 ESG as a Value-Creation Tool for Active Investors:

A Prole of Inherent Group

Tony Davis, CEO/CIO, and Beau Lescott, PM, Inherent Group

50 Four ings No One Will Tell You About ESG Data

Sakis Kotsantonis, KKS Advisors, and George Serafeim, Harvard Business School

59 Social Capital, Trust, and Corporate Performance:

How CSR Helped Companies During the Financial Crisis

(and Why It Can Keep Helping em)

Karl V. Lins, University of Utah; Henri Servaes, London Business School, CEPR, and ECGI;

and Ane Tamayo, London School of Economics

72 Innovation in Stock Exchanges: Driving ESG Disclosure and Performance

Tania Bizoumi, Socrates Lazaridis and Natassa Stamou, Athens Exchange Group

80 How Board Oversight Can Drive Climate and Sustainability Performance

Veena Ramani, Ceres, and Bronagh Ward, KKS Advisors

86 Sustainability and Capital Markets—Are We ere Yet?

Chris Pinney, High Meadows Institute, Sophie Lawrence and Stephanie Lau, KKS Advisors

92 An Investor Perspective on the Black Box of Corporate Social Responsibility

Chitru S. Fernando, University of Oklahoma, Vahap B. Uysal, DePaul University,

and Amal P. Abeysekera, University of Oklahoma

105 ESG, Material Credit Events, and Credit Risk

Witold J. Henisz and James McGlinch, University of Pennsylvania

118 Climate Change Scenario Analysis for Public Market Investors

Casey Clark, Rockefeller Capital Management

VOLUME 31

NUMBER 2

SPRING 2019

APPLIED

CORPORATE FINANCE

Journal of