ESG Archive

Nov 17, 2020
SEC’s Lee eyes bank disclosure around climate change
SEC member Allison Herren Lee has suggested the agency should help create standards for banks to release information about the climate-change risks associated with their decisions to finance companies and their activities. In remarks earlier this month, Lee noted the growing consensus that climate change may present a systemic risk to financial markets. There is a need for complete, accurate and reliable information in order to assess that risk, she said, starting w...
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Nov 05, 2020
TCFD goes ‘mainstream’ as investor demand grows
Investor demand is pushing forward the adoption of recommendations from the Task Force on Climate-related Financial Disclosures (TCFD), according to its latest status report – with both support for the recommendations and implementation rising on 2019. ‘To date, more than 1,500 organizations have expressed their support for the TCFD recommendations,’ notes a statement from the task force, a figure it says...
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Oct 30, 2020
The week in GRC: Election challenges companies’ political speech policies, and investors demand board racial diversity disclosures
– CNBC reported that Dunkin’ confirmed sale talks with Inspire Brands, the privately held owner of Arby’s and Jimmy John’s. The coronavirus pandemic and its disruption of coffee drinkers’ usual routines has hit Dunkin’s sales, but its drive-through lanes are helping its sales recovery. – Jack Ma’s Ant Group made the bigg...
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Oct 15, 2020
Highlights from the ESG Integration Forum – Summer 2020
As publishers of both Corporate Secretary and IR Magazine, we relish the opportunity to bring our two audiences together to hear different perspectives and stories of effective collaboration on ESG integration. This was in evidence at the ESG Integration Forum – Summer 2020, held virtually on July 29. The event looked at how Covid-19 has shone a spotlight on human capital management issues ...
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Oct 12, 2020
How BlackRock connects the dots on ESG
How large is the stewardship team at BlackRock? It’s about 45 individuals across the globe. We have three regions: Americas, EMEA and Asia-Pacific. How long have you worked for the firm? I joined right at the beginning of 2017. Which sectors do you focus on? I cover industrials and materials in the US and Canada. I cover approximately 800 companies in those sectors and am responsible for the engagement and proxy vo...
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Oct 08, 2020
Ceres launches sustainability action plan for companies
Ceres on Wednesday launched a framework for what it hopes will be a decade of efforts by companies to make sustainability a central component of their business. The Ceres Roadmap 2030 details steps it says companies need to take – starting now and continuing over the next 10 years – to tackle the climate crisis, defend natural resources such as water, and create a just and inclusive economy. The aim is to guide companies on building sustainability conside...
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Oct 07, 2020
The intersection of securities lending and ESG investing
In early December 2019 the Japanese Government Pension Investment Fund announced that it had ‘decided to suspend stock lending until further notice.’ This is one example of a growing number of asset owners evaluating their securities lending practices due to ESG concerns as long-term investors. Concerns have been raised that short-sellers (borrowers) could potentially undermine long-term stewardship efforts by mispricing or not considering ESG characteristics....
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Oct 01, 2020
MOL: Reinventing the ESG reporting wheel
MOL's Mikkel Skougaard likes to joke that the only people who used to read the sustainability report from cover to cover were him and the auditor. Now, though, anyone who has 15 minutes to spare can find out everything they need to know about the Hungarian oil and gas firm’s sustainability credentials. Last year the Budapest headquartered company took a risk, bucking the trend for increasingly lengthy sustainability reports to produce a 10-page, 15-minute read for...
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