June 04, 2010
Sustainability Investors Reconsider BP Holdings in Wake of Gulf Disaster
by Robert Kropp
With BP’s reputation as a leading sustainable company destroyed, investors weigh alternatives of
divestment or increased engagement.
The implications of the disastrous oil spill in the Gulf of Mexico are many. As the stock price of
BP, the oil and gas company responsible for the disaster, plummets—as of this writing, it has lost
more than a third of its value since the explosion that killed 11 workers— and its very survival as
a company seems threatened, one such implication is the materiality of environmental, social, and
corporate governance (ESG) issues.