Written by Kevin Stankiewicz
Blue Harbour Group CEO Cliff Robbins said Thursday on CNBC that CEOs will eventually discuss their social impact score alongside other important investment metrics such as analyst ratings and bond ratings.
“I see a situation down the road where CEOs of companies are going to say, ’I’ve got 5 buy ratings from equity analysts, my Moody’s or S&P bond rating is this, and my ESG rating is this,” Robbins said at “Delivering Alpha,” presented by CNBC and Institutional Investor.
“This is how powerful ESG profiles are,” Robbins said, using an abbreviation for environmental, social and governance profile, which measures how a company’s activities impact those interest areas. He said they will “affect the valuation of companies.”
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