ESG Monthly archive

Jan 29, 2021
Companies sign up for new ESG stakeholder metrics
Dozens of business leaders this week committed their organizations to using a new set of ESG-related metrics and disclosures developed in collaboration with the Big Four accounting firms. The 61 signatories, revealed at the World Economic Forum’s Davos conference, will start using ‘stakeholder capitalism metrics’ as an initiative intended to speed up convergence among the main private ESG standard-setters and to bring greater comparability and consistency to E...
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Jan 26, 2021
Companies should disclose plans for net-zero carbon economy, says Fink
Companies should disclose a plan explaining how their business model will operate in a net-zero carbon economy, BlackRock CEO Larry Fink says in his annual letter to business leaders. The head of the world’s largest asset manager says companies reacting slowly to climate change will see their valuations suffer and could be dropped from BlackRock’s active po...
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Jan 13, 2021
SSGA targets diversity disclosures in voting practices
State Street Global Advisors (SSGA) is ramping up the pressure for improved diversity and inclusion disclosures as part of its 2021 proxy voting and engagement plans. In a letter to board members this week, SSGA CEO Cyrus Taraporevala announced proxy voting practices intended to make sure that companies are transparent about the racial and ethnic composition of their boards and workforces. According to these practices: In 2021 SSGA will vote against the...
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Jan 05, 2021
Climate Action 100+ sees rise in net-zero targets
Close to half the companies monitored by a major investor initiative on climate change have announced a target to hit net-zero greenhouse gas emissions by 2050 as corporate action on global warming gathers pace.  Climate Action 100+ (CA 100), which is backed by 545 investor signatories managing a total of around $52 trillion in assets, engages with the 100 biggest greenhouse gas emitters and a further 60 companies it views as key to tackling climate change. ...
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Jan 04, 2021
Why PepsiCo is a ‘poster child’ for ESG reporting
‘PepsiCo is a poster child for what people are trying to do’ in terms of ESG reporting, says one of the Corporate Secretary judges. It’s a rapidly evolving field of endeavor for governance teams and their colleagues and one in which our winner has shown dedication to disclosing useful information in an accessible way across several avenues. PepsiCo in June 2020 published its sustainability report in a new format: all-digital and embedded for the first time on ...
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