ESG Archive

ESG

UK’s new Stewardship Code could place more demands on debt IR

Mar 24, 2020
Tim Human
UK’s new Stewardship Code could place more demands on debt IR
The new UK Stewardship Code 2020, which came into force at the start of this year, calls for engagement between companies and investors to take place across asset classes – including fixed income. As a result, debt IR, which today is mainly a concern for the financial sector, could grow in importance for all companies. ‘Most issuers don’t have any debt investor relation...
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ESG

Norway’s SWF urges boards to tackle sustainability reporting

Mar 09, 2020
Tim Human
Norway’s SWF urges boards to tackle sustainability reporting
The world’s biggest equity investor has urged corporate boards to increase their focus on sustainability. Norges Bank Investment Management (NBIM), which manages Norway’s $1.1 trillion sovereign wealth fund (SWF), made the call in a position paper released last week. In the document, it says boards ‘should ensure that company reporting reflects all material sustainability risks and opportunities,’ adding that sustainability disclosure should be ‘quantitati...
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ESG

TCFD climate reporting initiative passes 1,000 supporters

Feb 18, 2020
Zsuzsanna Szabo
TCFD climate reporting initiative passes 1,000 supporters
The number of organizations signed up to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) has increased fourfold since 2017, with banks getting on board at the highest rate. The Michael Bloomberg-chaired climate initiative has secured more than 1,000 issuers’ and investors’ signatures as climate change poses an increasing financial risk, according to a statement issued by TCFD. In an effort to increase transparency on ...
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ESG

SSGA to get tough with boards lagging on ESG

Feb 05, 2020
Ben Maiden
SSGA to get tough with boards lagging on ESG
State Street Global Advisors (SSGA) is running out of patience with boards that are not taking account of important ESG issues. In a January 28 letter to directors, SSGA chief executive Cyrus Taraporevala warns that starting this proxy season the asset manager ‘will take appropriate voting action against board members at companies in the S&P 500, F...
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ESG

Shaping Trillium’s plans for 2020

Feb 05, 2020
Ben Maiden
Shaping Trillium’s plans for 2020
Trillium filed nine board or executive diversity proposals in 2019, up from four last year. What’s behind that focus? These shareholder proposals on executive team diversity were the first of their kind to be filed. This first effort was a proof of concept to see what the results and outcomes would be, and we thought it was very positive both in terms of companies making commitments to improve diversity and, when we did need to go to a vote, getti...
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ESG

How AT&T tailors ESG reporting to its audience

Feb 04, 2020
Ben Maiden
How AT&T tailors ESG reporting to its audience
AT&T has been reporting on its ESG performance for the last 12 years. And just as the focus on ESG among investors and companies has grown and evolved, so too has AT&T’s approach to reporting on the issues involved – notably by creating a modular disclosure structure that enables different stakeholders to take information at the level of detail they need. At the top of the reporting triangle is the company’s corporate responsibility summary, which give...
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ESG

Chesapeake Utilities’ governance team offers an expert helping hand

Jan 31, 2020
Ben Maiden
Chesapeake Utilities’ governance team offers an expert helping hand
The governance team at Chesapeake is a small and tight-knit group that, despite its lack of numbers, lends a helping and expert hand to a wide array of projects. Stacie Roberts was promoted in May 2019 to assistant vice president of corporate governance and continues to report directly to the company’s executive vice president, general counsel, corporate secretary and chief policy and risk officer. In terms of full-time staff, her team comprises governance managers Heidi...
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