ESG Archive

– CNBC reported that Tesla disclosed it had received a second subpoena from the SEC regarding CEO Elon Musk’s tweets in 2018 about taking the company private. Tesla said in a filing that it received the subpoena on June 13. The agency had initially subpoenaed the company in November related to a settlement that...

Skepticism about ESG has presented itself recently in some high-profile examples of investors and lawmakers pushing back against what they view as putting values above value. But alongside another groundbreaking proxy season in 2022, discussions both on and around panels at Corporate Secretary and sister publication IR Magazine’s ...

The SEC has voted to undo Trump-era rules that handed companies more involvement in the creation of proxy advice.  Under the changes, proxy advisory firms will no longer need to make available to companies any research about them or share with investors any written responses by companies to voting advice. The rules had been adopted in 2020. ...

A proposal on hydrofluorocarbons (HFCs) has received significant – though not majority support – among shareholders of The Kroger Co. The proposal, filed by Friends Fiduciary, asks Kroger to release a report ‘describing how it can adopt strategies above and beyond legal compliance to curtail the predominant source of its operational (Scope 1) [greenhouse gas (GHG)] emissions by deploying the best available technological options for eliminating the use of [HFCs...