'When it comes to beer brands, mass retailers, or passing on an overpriced vacation to a Disney theme park, customers have a lot of choices. And the boycotts are clearly having an effect on these companies’ bottom lines.' -StaufferVaughn
a graph showing the number of mentions of “‘ESG,’ ‘DEI,’ ‘environmental, social and governance,’ ‘diversity, equity and inclusion,’ or ‘sustainability’” by executives of United States-listed corporations on earnings calls over the past five years. In the first quarter of 2018, there were 170 mentions. The number grew steadily over the next couple of years.
But make no mistake: Companies don’t plan to abandon their activist programs. They just won’t be touting their activities quite as loudly.cites electronic-signature firm DocuSign, whose CFO boasted on a March 2022 earnings call that “the company achieved carbon-neutral status during the year ended that January.” There has been no mention of climate or social initiatives on any of the company’s earnings calls since then.
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