ESG Archive

Jun 08, 2021
Group sets 2023 deadline for reporting framework on nature-related risks
The Taskforce on Nature-related Financial Disclosures (TNFD) has set a deadline of 2023 for the creation of a new reporting framework to address risks connected to the natural world. The organization, which officially launched last week, has also announced the appointment of two co-chairs: David Craig, CEO of Refinitiv, and Elizabeth Maruma Mrema, executive secretary of the UN Convention on Biological Diversity. In recent years, investors and regulators have ...
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Jun 01, 2021
Index investors continue to expand ESG focus, survey finds
ESG integration continues to rise at large asset managers, with the vast majority saying it played a greater role in engagement, proxy voting and investment decisions during the last year. Ninety-eight percent of institutional investors say ESG opportunities and risks – excluding the impact of Covid-19 – were given more consideration during shareholder engagement this year compared with last year, according to new research from Morrow Sodali. Ninety-five percent...
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May 28, 2021
The week in GRC: Energy companies face pressure on climate and study finds spike in diverse board appointments
– Reuters reported that Goldman Sachs said media lawyer Kimberley Harris would become its newest board member, a move that makes the bank’s board of directors nearly 50 percent composed of women. Harris is NBCUniversal Media’s general counsel and an executive vice president at Comcast Corporation. Her appointment to the Goldman Sachs board comes as banks face growing calls to add diverse and female candidate...
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May 26, 2021
Activist nominees elected to ExxonMobil board
ExxonMobil has acknowledged that shareholders at its AGM today voted to install two director nominees from activist investor Engine No 1. In a statement available at the time of writing, the company says that based on preliminary vote estimates shareholders elected eight ExxonMobil nominees to the board and that vote results for five nominees are too close to call. One of Engine No 1’s nominees was not elected, according to the energy company. Shareholders ...
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May 19, 2021
Almost 40 percent back Sempra Energy climate-lobbying proposal
A shareholder proposal regarding Sempra Energy’s lobbying in relation to climate change has gained significant – though not majority – backing. Roughly 38 percent of votes cast at the company’s May 14 AGM were in favor of a proposal brought by co-filers As You Sow, Calvert Research and Management and Illinois State Treasurer Michael Frerichs. The p...
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May 17, 2021
Investor coalition calls for tougher methane regulation
A large coalition of investors has called on the US government to strengthen methane regulation and warned that a lack of action could hit the value of oil and gas companies. The group of 147 firms, co-ordinated by Ceres and the Interfaith Center on Corporate Responsibility (ICCR), welcomes action being taken by the Biden administration but urges further measures to help meet the climate goals of the Paris Agreement. ‘As prudent fiduciaries, we believe virt...
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May 13, 2021
Start integrating ESG by rethinking the 10K
When it comes to integrated reporting, the US lags its peers. A recent Global ESG Monitor (GEM) report found that six out of 30 Dow Jones companies (20 percent) published integrated reports, compared with 54 percent of the ASX 50, 77 percent of the DAX 30 and 86 percent of the EURO STOXX 50. Not only are there fe...
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May 05, 2021
GE shareholders back plans for GHG report
An overwhelming percentage of General Electric (GE) shareholders have – with the backing of the company’s board – voted to approve a proposal seeking a report on its efforts to achieve net-zero greenhouse gas (GHG) emissions, according to the resolution’s proponent. As You Sow, which submitted the proposal on behalf of Amalgamated Bank, says in a statement that preliminary numbers indicate the measure received 98 percent support. At the time of writing the c...
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May 04, 2021
DuPont shareholders back plastic pollution report proposal
Shareholders in DuPont de Nemours have overwhelmingly backed a shareholder proposal asking the company to disclose its role in plastic pollution. The proposal, filed by As You Sow, received 81 percent support among the votes cast. It requests that DuPont’s board release a report each year that discloses ‘trends in the amount of plastic in various forms rel...
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