ESG Archive

Jun 18, 2019
How Microsoft takes up the ESG challenge
How did the ESG function come about at Microsoft, and how did you get involved? I’ve been at Microsoft for 11 years, always in an ESG [capacity] although we’ve used other terms. It started off being called citizenship and we evolved that term to CSR, but it’s really focused on the ESG topics at Microsoft. We sit within what’s now called our corporate external and legal affairs department. [We report] up to our president and chief legal offic...
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Jun 14, 2019
ESG engagement widespread among governance pros, study finds
Most corporate governance professionals, particularly at larger companies, are now dealing directly with investors on ESG-related matters – underlining the importance of the area for shareholder engagement, a new study shows. More than two thirds (68 percent) of corporate governance professional respondents have had a personal interaction with investors about ESG over the past year, according to the ...
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Jun 10, 2019
Comment: Why it pays to be a leader on climate
Back in 2000, CDP’s decision to ask every business worldwide to disclose its climate change-related data seemed to many to be over-ambitious. Recently we have seen a dramatic upswing in the importance the business and financial community attaches to ESG issues, partly due to an increasing frequency and severity of extreme weather events and widely publicized human rights-related investigations. This means strong management and reporting on ESG issues, such...
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Jun 05, 2019
Bloomberg’s Ravenel discusses TCFD’s stance on ESG reporting
How does the Task Force on Climate-related Financial Disclosures (TCFD) approach ESG reporting? An industry-led initiative, the TCFD developed a voluntary framework for climate disclosures at the request of the Financial Stability Board. The TCFD recommendations have specifically been designed to solicit decision-useful, forward-looking information that shows the financial impacts of climate change on a business. The focus lies on companie...
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Jun 03, 2019
SSGA creates new ESG scoring system
State Street Global Advisors (SSGA) has developed a system for scoring companies on ESG practices that aims to help boost the ESG narrative in capital markets. ‘R-Factor will benefit understanding of ESG issues on the part of both companies and investors,’ Rakhi Kumar, head of ESG investments and asset stewardship at SSGA, tells Corporate Secretary sister publication IR Magazine. ‘It puts companies in the driver’s seat. The transparent materiality f...
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May 29, 2019
Groups eye financial system overhaul with ESG focus
The OECD, World Bank and UN Environment Program have joined together to call for placing sustainable finance at the center of an overhauled global financial system. The three organizations are working on an agenda for governments around the world to align financial flows with global climate and development goals - as signatories to the Paris climate accord agreed to do. ‘A deep transformation of existing infrastructure systems is needed for both climate and...
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May 22, 2019
SASB Investor Advisory Group recruits 15 new members
The Sustainability Accounting Standards Board (SASB) has expanded its Investor Advisory Group (IAG), a collection of leading asset owners and managers committed to improving sustainability-related disclosure to investors. Fifteen new firms have joined the IAG, which has also named Barbara Zvan, chief risk and strategy officer of the Ontario Teachers’ Pension Plan, as the group’s new chair. The moves are intended to reflect the growing relevance of SASB’...
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May 20, 2019
Investors expect ESG to become the norm, study finds
Amid the growing influence of ESG in the investment arena, new research suggests that almost two thirds of institutional investors believe ESG-related strategies will become the norm in the next five years. The report from Natixis Investment Managers – which uses data from its global surveys of financial professionals, individual investors, institutional investors and professional fund buyers – also finds that 55 percent of respondents plan to increase their all...
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Apr 26, 2019
Retail investors eye ESG factors, survey finds
ESG-related considerations are important to retail investors, with individuals tending to place slightly greater store in social issues above governance and environmental matters, according to research by Allianz Life Insurance Company of North America. But a lack of comparable disclosures may be hampering actual investment patterns. Much of the attention on the growing influence of ESG issues in recent times has focused on companies’ reporting and engagement with...
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