ESG Archive

Apr 29, 2021
Read all about it! How ESG hit the headlines last summer
As colleagues, we are true believers that ESG frameworks can help companies address risk, increase transparency in reporting and strengthen relationships with investors, employees, customers, suppliers, regulators and communities. Given the explosive growth in ESG investing and reporting, media reporting naturally followed. The first tranche of media stories focused on the financial or business perspectives, including whether there was a link to materiality and risk...
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Apr 27, 2021
Sixty-eight of 77 industries significantly affected by climate risk, SASB says
SASB released an updated Climate Risk Technical Bulletin last week to help companies better understand how they can disclose climate risk in a manner that provides investors with helpful information. SASB’s standards divide companies into 77 industries and provide industry-specific ESG reporting suggestions, based on financial materiality. As part of this latest review, SASB finds that 68 of the 77 industries are significantly affected in some way by climate risk,...
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Apr 21, 2021
More companies factoring carbon price into business risk
Companies are increasingly taking into account the cost of carbon in their business plans, according to new research. CDP says that in just five years there has been an 80 percent increase in the number of companies using – or planning to use – an internal carbon price. Of the nearly 6,000 companies surveyed on carbon pricing in 2020, mo...
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Apr 02, 2021
The week in GRC: CEOs criticize voting curbs and ‘say on climate’ initiative faces pushback
– Reuters reported that Deutsche Bank said its CEO Christian Sewing will transfer oversight of the investment and corporate bank to board member Fabrizio Campelli as part of a revamp of the management board. Deutsche Bank was one of the few major banks in the world to assign day-to-day oversight of investment banking to its CEO. At most banks, other board members oversee the division. Sewing, whose contract was ...
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Mar 31, 2021
Governance Matters: What the Biden administration means for governance professionals
In the latest episode of the Governance Matters podcast, we catch up with Jeffrey Siegel, managing director and head of US public & regulatory policy at BNP Paribas, for his views on whether the Biden administration will lead to a new paradigm for corporate governance and ESG – in terms of both regulation and enforcement. In part two, Paul Conn, president of global capital markets at Computershare Georgeson, provides advice for this year’s annual meeting ...
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Mar 30, 2021
Trying to tie executive compensation to ESG
If certain ESG metrics have a material impact on a business’ performance – which is widely accepted – then it follows that investors, regulators and proxy advisers will likely seek assurances that executives are incentivized to meet expectations. In a feature for the Spring issue of Corporate Secretary sister publication IR Magazine, we look at the eff...
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Mar 26, 2021
The week in GRC: Mastercard linking exec bonuses to ESG and SEC said to look into Spac arrangements
– The SEC launched a new page on its website bringing together the agency’s actions and the latest information about ESG investing. ‘Our all-of-SEC approach looks at how climate and ESG intersect with our broader regulatory framework to get investors the information they need to plan for their financial future,’ said acting SEC chair Allison Herren Lee in a statement. – ...
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Mar 25, 2021
Climate Action 100+ benchmarks companies on crisis response
Investor engagement initiative Climate Action 100+ (CA100) this week released its first benchmark assessing the ambitions and actions of the world’s largest greenhouse gas (GHG) emitters and other companies it says can help propel efforts to reach the net-zero emissions target. According to CA100, its net-zero company benchmark provides what it calls the first detailed, comparative...
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Mar 17, 2021
Wendy’s faces supply chain safety shareholder proposal
The SEC has rejected a request by The Wendy’s Company to exclude from its AGM a shareholder proposal seeking disclosure regarding worker protections in its food supply chain, particularly during the pandemic. The Franciscan Sisters of Allegany, NY has filed the proposal in conjunction with the group Investor Advocates for Social Justice (IASJ). The measure asks the board to issue a report ‘addressing Wendy’s supplier code of conduct and the extent to which Wen...
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