How Virtue Creates Value for Business and Society: Investigating the value of environmental, social and governance activities

This report illustrates some of the ways that the most advanced companies have created value from their environmental, social, and governance programs. It also explains why such programs are so hard to assess quantitatively, and lays out a framework for how companies can develop programs strategically, meaningfully assess the value they create, and communicate that value internally and externally. It is based primarily on interviews with 20 companies from 11 industries, and a McKinsey Quarterly global survey of CFOs, investment professionals and corporate social responsibility and sustainability professionals.