ESG Monthly archive

ESG

Proxy season 2022: The story behind falling support for ESG proposals

Sep 27, 2022
Ben Maiden
Proxy season 2022: The story behind falling support for ESG proposals
The 2022 proxy season has had a touch of the Rorschach test about it, based on some of the headline figures from voting on the year’s ESG-related shareholder proposals. According to a report from Proxy Impact, the Sustainable Investments Institute and As You Sow, the six months to the end of June saw a record-breaking 282 votes and 34 majority votes (equal to the same period last year) backing ESG shareholder proposals seeking disclosure and action from US compani...
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ESG

ESG Integration Awards: Gilead Sciences’ work on diversity

Sep 14, 2022
Sarah Welsh
ESG Integration Awards: Gilead Sciences’ work on diversity
Foster City, California-headquartered Gilead Sciences was awarded the best diversity, equity & inclusion (DE&I) prize at Corporate Secretary and IR Magazine’s ESG Integration Awards in July this year. Here, Korab Zuka, vice president for public affairs at Gilead, talks about the company’s DE&I focus. What are the company’s main achievements in terms of DE&I? Our primary achievements are related to our ongoing efforts sup...
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ESG

Apple faces workers’ rights shareholder proposal

Sep 08, 2022
Ben Maiden
Apple faces workers’ rights shareholder proposal
A coalition of investors including representatives of New York City and union members has filed a shareholder proposal with Apple regarding the company’s approach to workers’ rights. The filing comes amid widely reported concerns about how some employers are responding to expanding unionization efforts. There has also been a growing focus among companies and investors on human capital management and how US companies treat their employees in general in the wake o...
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ESG

Real estate and energy sectors branded ‘ESG laggards’ but outperform peers, Federated Hermes finds

Sep 07, 2022
James Beech
Real estate and energy sectors branded ‘ESG laggards’ but outperform peers, Federated Hermes finds
Environmental factors have become a statistically meaningful driver of shareholder returns over the past two years, according to ESG investing champion Federated Hermes. Avoiding the ‘ESG laggards’ and those whose standards are slipping is a crucial way to capture the ESG premium, the firm’s global equities team has found. But real estate and energy companies are the exceptions: firms in these sectors with the worst or worsening environmental practices relativ...
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ESG

The week in GRC: Conservatives mastering the art of the proxy ballot and fast-food industry loses ‘super-sized’ battle

Sep 02, 2022
Garnet Roach
The week in GRC: Conservatives mastering the art of the proxy ballot and fast-food industry loses ‘super-sized’ battle
– CNBC reported that Tesla violated workers’ rights when it banned shirts with pro-union insignia at the factory, according to a ruling by the National Labor Relations Board (NLRB) this week. The NLRB is now mandating that Elon Musk’s electric vehicle maker ‘cease and desist from maintaining and enforcing the overly broad team-wear policy that prohibits pro...
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