Shareholders Archive

Sep 15, 2021
Huge investor coalition urges governments to accelerate climate action
A huge investor coalition has called on national governments to accelerate policy changes that will support investment in climate change solutions. A group of 587 investment firms with a collective $46 tn in assets under management yesterday issued a statement urging governments to take a range of actions, from strengthening emissions targets to mandating climate reporting and ending fossil fuel subsidies. Signatories to the ...
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Sep 07, 2021
Companies with strong corporate purpose outperform on certain metrics, study finds
One of the challenges of stakeholder capitalism – where companies work in the interests of all stakeholders, not just shareholders – is how to balance the needs of different groups. For example, decisions that are good for investors, such as cost-cutting or automation of factory processes, may be painful for the workforce. But investment in stakeholder value should not be viewed as detrimental to shareholder value, argue the authors of a ...
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Aug 26, 2021
Fox faces vote on lobbying proposal
The SEC has given the green light for shareholders in Fox Corporation to vote this fall on a proposal regarding the company’s lobbying activities. The proposal, filed by Kenneth Steiner on behalf of John Chevedden, requests that Fox prepare an annual report disclosing: Company policy and procedures governing direct and indirect lobbying and ‘grassroots lobbying communications’ Payments by Fox used for direct or indirect lobbying or grassr...
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Aug 25, 2021
Nike shareholders to vote on social proposals
Nike shareholders will vote on a proposal requesting disclosure around the company’s work to promote diversity and inclusion – and proposals on other social-related themes – as such measures have gained momentum this year. The SEC earlier this month denied Nike’s request for no-action relief if it excluded a proposal filed on behalf of As You So...
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Aug 12, 2021
ESG keywords on the rise in corporate event transcripts
As the importance of ESG continues to grow for investors, issuers are ramping up their inclusion of certain key ESG words and phrases in corporate events, according to analysis of transcripts by Sentieo. In June of this year, there were 1,200 transcripts with mentions of ESG during conference calls – the largest number on record. This was a 216.6 percent increase on same month in 2020, when ESG appeared in 379 transcripts. The lowest number of transcripts with m...
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Aug 03, 2021
New investor campaign targets food companies over emissions
A new investor campaign has called on North American food companies to take stronger action over climate change as the buy-side focus on reducing emissions shifts beyond the oil and gas sector. The initiative, co-ordinated by sustainability non-profit Ceres, has published a list of 50 ‘high-emitting’ food and agriculture companies alongside an analysis of their Scope 3 emissions and reduction targets. Most of the companies are ‘lagging in key areas that...
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Jul 30, 2021
Bill to shorten window of 13F filings progresses to House of Representatives floor
On July 29 the US House Financial Services Committee voted to advance a new bill that would shorten the 13F filing window and require short-seller disclosures to the floor of the House of Representatives. Bill HR 4618 – also known as the Short Sale Transparency and Market Fairness Act – would require asset managers responsible for more than $100 mn in assets under...
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Jul 29, 2021
Shareholder activism down at half year mark
The number of companies targeted by an activist during the first half of the year was at its lowest level in more than six years, according to Insightia’s half-year shareholder activism review.   Between January 1 and June 30 this year, 518 companies were targeted by activist investors. This is a notable decrease compared to the first half of 2020, when 594 companies were ...
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Jul 27, 2021
GE announces net-zero pledge including Scope 3
General Electric (GE) has joined the ranks of major companies committing to be responsible for net-zero emissions of greenhouse gases (GHG) by 2050, including not just its own operations but also Scope 3 emissions from the use of products it sells.  The announcement in the company’s recent sustainability report comes a few months after an overwhelming percentage ...
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