Lumi sees 2024 as pivotal year for governance in ESG

Vespa Capital portfolio company, Lumi, recently spoke to ESG Investor on how they see 2024 as a pivotal year for governance in ESG.

Businesses are recognising the need for a more consistent dialogue with investors and tailoring communications to meet investors’ priorities around various areas of ESG.

As we approach the 2024 AGM season, the integration of governance, investor relations, and robust reporting that prioritises transparency will help define the success of companies in this new era. Success for corporations is engaging with investors, fostering ongoing dialogue, and integrating ESG into the core of their business. It’s about steering the course towards a sustainable and equitable future.

Lumi is the power behind many of the world’s largest corporations, facilitating engaging investor relations, enhancing shareholder communications and fostering engagement. Their platform enables corporations to boost disclosure standards and unlock equitable investor participation.

Sylvie Harton, Chief Business Strategy Officer at Lumi recently spoke to ESG Investor and commented, “Businesses need to expand their communication to multiple touchpoints across the year. Gone are the days when investors would be content with a single annual meeting to voice concerns. Whilst the AGM remains a cornerstone event in the shareholder calendar, offering investors multiple opportunities to voice their opinions is going to become essential.

In the era of diverse stakeholders with different communication needs, hybrid meetings have emerged as an essential way to effectively engage with investors and expand reach to new and varied audiences. Companies are already seeing the benefits – 35% of all AGMs and IR meetings during the first six months of 2023 were held in a hybrid format, and this is a welcome step in ensuring investors can engage meaningfully.”