ESG Archive

Sep 03, 2020
SSGA to seek racial diversity disclosures
State Street Global Advisors (SSGA) is adding to the growing social and investment pressure on corporations to take issues of racial diversity, equity and inclusion more seriously. In a letter to board chairs released last week, SSGA global chief investment officer Richard Lacaille explains that starting in 2021 the asset manager – which has roughly $3 trillion in assets under management – will ask portfolio companies to explain their risks, goals and strategy r...
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Aug 31, 2020
ESG communications FAQ: How to build back better
With the initial shock of the Covid-19 pandemic behind us, companies must look forward to continuing business and their dialogue with investors despite the multitude of uncertainties ahead. What does effective ESG communication look like in the new normal? Here we answer some common questions impacting corporates. How has Covid-19 affected the drive for standardized reporting? We think investor demand for greater standardization in sustainab...
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Aug 20, 2020
Ceres highlights general counsel role in climate lobbying efforts
General counsel have an important role in ensuring governance tools are in place to align their companies’ direct lobbying – or indirect lobbying via industry groups – with climate science and the systemic risks posed by the climate crisis, according to a new report. Non-profits including Ceres late last year released an open letter to US CEOs calling for companies to adopt a framework centering on a science-based climate policy agenda in line with an increase...
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Aug 19, 2020
Coalition offers blueprint for boosting board diversity
Several groups have come together to urge US companies to increase diversity on their boards and present a framework for how such change can be achieved. The Diverse Corporate Directors Coalition (DCDC) cites a 2018 McKinsey report as stating that companies in the top quartile for ethnic diversity were 43 percent more likely to see above-average profitability. But it also points to a 2018 review of Fortune 500 companies as finding that from 2010 to 2018 the represen...
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Aug 10, 2020
How Calvert examines ESG information and puts it to use
Your firm is all about ESG investing. How did the decision come about to make ESG the centerpiece of your investing strategy? Responsible investing is what we do and we take it from the perspective of our responsibilities to our clients. So in terms of fully meeting our responsibilities to our clients, we use ESG information to really work in two areas. First, we use ESG to inform our security selection. Second, we use ESG metrics to determine how t...
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Aug 06, 2020
Investors relying less on top-line ESG scores, say panelists
Investors are increasingly creating their own proprietary ESG research and scoring methodologies, although they continue to use ratings firms as a key source of information, according to speakers at IR Magazine’s ESG Integration Forum – Summer 2020. The forum, which took place last week in a virtual format, tackled issues such as the impact of Covid-19 on ESG reporting, the outcome of this year’s AGM season and developing a sustainability program dur...
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Aug 03, 2020
Covid-19 puts spotlight on human capital
Corporate leaders have in recent years proclaimed their company’s employees as their greatest asset –statements that have sometimes been met with skepticism. So when Covid-19 emerged to threaten the lives of workers, it was time for employers to put not just their money but also their attention and efforts where their mouths were. Human capital management had been growing in prominence for investors and companies before 2020, but the pandemic thrust it into the ...
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Jul 13, 2020
SASB and GRI to provide guidance on joint implementation
The Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI) will work together to provide guidance to companies about how to implement both of their ESG reporting standards concurrently. Some issuers have complained of an ESG reporting alphabet soup as they’ve tried to come to terms with the differences between SASB, GRI, the Taskforce on Climate-relate...
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