In the U.S. alone, it is estimated that more than 130 people die each day from overdosing on opioids and millions more abuse prescription pain relievers every year. How did the use of opioids as a painkiller spiral into the addiction crisis it is today? And how can changes be made in the future to mitigate this crisis? Enter the Investors for Opioid and Pharmaceutical Accountability (IOPA). The group, which had 67 members with over $4 trillion in assets under management as of July 2020, uses investor engagement to make changes within the entire supply chain to hold companies accountable for their actions.
Meredith Miller joins BMO’s Catherine McCabe to discuss how IOPA was formed, how it engages with three main subgroups of the opioid supply chain, and their initiatives around corporate governance through 2021 and beyond. For a transcript of this episode visit bmo.com/sustainabilityleaders-podcast.
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