Covid-19: ESG Game Changers

Good Governance & Social Impact

Covid-19 serves as an enormous test for companies' leadership teams and oversight bodies. This page offers a birdseye view to highlight leaders, their companies, and the ways in which they're balancing the pandemic and changing the game around Environmental, Social, and Governance (ESG) issues.

LCDA is listing the many industry game changers who are at the forefront of good governance, and leadership teams best positioned to weather this crisis by developing strategies to safeguard their values and sectors. With a long recovery ahead, maintaining a strong ESG focus is good for business, good for society, and most certainly one with enduring benefits. We will be updating this page as the situation develops.

Leading by Example

KPMG

LCDA Diamond Founding Partner, KPMG LLP, offers insight into five key areas of board focus to help boards in their oversight of the company's pandemic response in Navigating the pandemic: A board lens.

Bank of America

"We are focusing our resources on the number one priority - looking after people" - Brian Moynihan, CEO of Bank of America.

Hewlett Packard Enterprise

HPE's Antonio Neri CEO shares a quick update on how HPE is handling this rapidly changing situation i.e. COVID-19. Hewlett Packard Enterprise is responding with initiatives to stabilize communities, support for team members, customers tackling the challenges of this pandemic, and technology to help organizations adapt to this unprecedented situation.

Kaiser Permanente

Kaiser Permanente is giving $1 million to public health organizations to strengthen the nations public health infrastructure.

Target

Target SAFE Retail Kit: Target offers its learnings as a resource for others that may be thinking about how to operate retail locations differently.

United Airlines CEO Oscar Munoz (Photo by Justin Sullivan/Getty Images) Getty Images

United Airlines CEO Oscar Munoz and President Scott Kirby both said that they will forsake their salaries through the end of June.

Walmart

Walmart Repeats Cash Bonuses for Associates.

Toyota Newsroom

Toyota/Lexus Minority Owners Dealership Association to Sponsor National COVID-19 Day of Service on May 22.

Exelon

Exelon Foundation, ComEd and Exelon Generation partner with United Way of Illinois, Alliance of Illinois Community Foundations and the Office of the Governor to provide emergency aid and relief

Tyson

Tyson is committing $13 million in COVID-19 hunger relief and community support.

PepsiCo

PepsiCo is investing more than $60 million globally to bring food and other vital resources to the most affected communities.

Comcast set up a $500-million relief fund for workers dealing with hardship due to the coronavirus. (Cindy Ord / Getty Images)

Coronavirus help: Comcast pledges $500 million to workers; executives forgo salaries.

LCDA

Johnson and Johnson

The Johnson & Johnson Foundation committed $50 million dollars to support and supply frontline health workers.

Marriott

Marriott announces CEO Arne Sorenson's salary will be suspended for the rest of the year and senior executives' salaries will be reduced by 50%.

Columbia Sportswear Company

Tim Boyle, CEO and president of Columbia Sportswear, said that he will reduce his salary to $10,000 from his roughly $3 million compensation in 2018.

SEBASTIEN BOZON / Contributor/ Getty Images

General Electric Chairman and CEO H. Lawrence Culp, Jr. will give up his full salary for the remainder of 2020. The vice chairman of GE and president and CEO of GE Aviation, David Joyce, will give up half of his salary starting April 1.

A Lyft sticker is seen in a car windscreen in Los Angeles. Reuters

Lyft co-founders John Zimmer and Logan Green pledged to donate their salaries through June.

Texas Roadhouse

Wayne Kent Taylor, the CEO of Texas Roadhouse, has given up the rest of his annual base salary and bonus to help pay front-line employees during the coronavirus pandemic.

Bob Iger. Jeff Kravitz / Contributor/Getty Images

Bog Iger, the executive chairman of Disney, has forgone his salary for the remainder of the year amid the coronavirus pandemic.

Brian Chesky. Mike Windle/Getty Images

The CEO of Airbnb, Brian Chesky, has given up his salary for the remainder of the year to help his company during the coronavirus pandemic and avoid layoffs.

An airport worker guides a Delta Air Lines Airbus A319 plane on the tarmac at LAX in Los Angeles. Reuters

All Delta officers will take a 50 percent pay cut through June 30, with directors and managing directors taking a 25 percent cut during that same period.

Additional Insights:

Capitalism Post-COVID: Companies Doing Good To Become Great from Forbes
Corporate Response to COVID-19 Shows ESGs Influence from InvestmentNews
Covid-19 Is Accelerating ESG Investing And Corporate Sustainability Practices from Forbes
ANALYSIS: ESG and Covid-19 Responses Share a Common Blueprint from Bloomberg Law
The Forbes Corporate Responders from Forbes
Aftermath of coronavirus seen to radically change ESG focus from Pension & Investments
ESG Passes the Covid Test from Financial Times
ESG Report: Edison International Reaches Nearly 50% of Its 2045 Carbon-Free Energy Goal from Valdosta Daily Times
How ESG Issues Are Being Discussed in The Boardroom Amid The COVID-19 Pandemic from FEI
Turning ESG into ESGD: How investors can support diversity with their dollars from Fortune

SHARE THESE ESG GAME CHANGERS: