ESG Archive

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...

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...

– 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...

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...