ESG Archive

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...

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 ...

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...

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...