ESG Archive

Jul 13, 2020
SASB and GRI to provide guidance on joint implementation
The Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI) will work together to provide guidance to companies about how to implement both of their ESG reporting standards concurrently. Some issuers have complained of an ESG reporting alphabet soup as they’ve tried to come to terms with the differences between SASB, GRI, the Taskforce for Climate-Relat...
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Jul 08, 2020
How to move from CSR to ESG reporting
The notion of CSR has been around for years, its history going back to environmental reporting. These reports were purely voluntary and boards paid little attention to them beyond the ‘good for you’ attitude. Most certainly, none of this information was a meaningful part of regulatory documents filed with the SEC, such as S1 and 10K forms.  Despite the concept of sustainable investment having been around for decades, it has grown in significance, popularity and...
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Jun 26, 2020
ESG proposals rejected but make inroads at Delta AGM
Two first-time ESG shareholder proposals – while not being approved – secured significant levels of support at Delta Air Lines’ recent AGM, as momentum continues for environmental and social measures at US companies. A proposal requesting that the company release a report on its political contributions received the backing of 46 percent of the votes cast. Simil...
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Jun 20, 2020
Investor group endorses ‘statement of solidarity’ on racial justice
As many companies across the US take today – the anniversary of when the final group of former slaves were told they were free – as a public holiday for the first time, Corporate Secretary sister publication IR Magazine continues to explore the extent to which racial justice could emerge as a more prominent investing or stewardship theme. The Racial Justice Investing Coalition – a group of 112 asset managers, owners and corporations – released ...
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Jun 19, 2020
The week in GRC: QB Kaepernick joins Medium’s board, and Covid-19 privacy bills face hurdles
– CNN reported that Nike is adding June 19, a holiday known as Juneteenth, to its list of official, paid company holidays. Twitter, Square and Vox Media have also recently made Juneteenth, the oldest-known US celebration of the end of slavery, an annual company holiday. Nike CEO John Donahoe made the announcement in a letter to employees, along with several other actions the com...
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Jun 18, 2020
SASB backs European plan to boost ESG reporting
SASB has put its weight behind a European regulatory project that the board believes may result in global standards for ESG reporting by companies. At issue is Directive 2014/95/EU, more commonly referred to as the non-financial reporting directive (NFRD). The European Commission (EC) in February launched a consultation to collect feedback on potential changes to the directive, with comments due by June 11. SASB has submitted a ...
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Jun 17, 2020
Canadian business leaders launch anti-racism project
A group of senior Canadian businesspeople has launched a new council and initiative aimed at increasing racial diversity among the country’s boards and executive teams. The move comes amid growing calls for governments and companies to address racial inequality following the deaths of African Americans including Breonna Taylor, Ahmaud Arbery and George Floyd. The Canadian Council of Business Leaders Against Anti-Black Systemic Racism, which is launching what it ca...
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Jun 16, 2020
How Covid-19 can shape boards’ thinking on ESG
The novel coronavirus pandemic has intensified investors’ focus on ESG practices as the outbreak has disrupted global supply chains and affected human capital management practices. This is building on what was already a growing interest among investors in ESG issues, as reflected in shareholder proposals and investment patterns over the last few years. Morningstar data shows that in the first four months of this year, investors poured roughly $12.2 billion into ES...
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Jun 12, 2020
The week in GRC: Companies make racial justice pledges, and activists target corporate leaders
– The Financial Times reported that US civil rights groups have received a wave of donations from companies since Minneapolis police killed George Floyd. The FT found more than $450 million in pledges to groups focused on social and racial justice, which usually depend more on individual donations, often from people in disadvantaged communities. For example, Walmart and its fo...
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