ESG Archive

Feb 18, 2020
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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Feb 05, 2020
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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Feb 05, 2020
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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Feb 04, 2020
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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Jan 31, 2020
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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Jan 30, 2020
How Coeur Mining won best proxy statement (small cap)
As a small-cap company, Coeur Mining doesn’t have the same resources that many past winners and nominees of the best proxy statement award have had. But this year, for the first time, the Corporate Governance Awards recognize the best proxy statement among small caps, rather than grouping their entries with mid-cap ones. While the legal team at Coeur Mining may have a small budget and fewer resources than some companies, it has looked at the trends adopted by the ...
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Jan 28, 2020
Behind NorthWestern Energy's DIY proxy statement
As proxy statements continue to evolve into glossier, more visually engaging publications, the number of people involved can increase – as can budgets. But for NorthWestern Energy that isn’t an option. The two-person corporate secretary team is responsible for drafting the language, gathering the data and drawing the charts, says Tim Olson, senior corporate counsel and corporate secretary at the company. Olson says he and his colleague Emily Larkin, assistant co...
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