ESG Monthly archive

May 26, 2023
ExxonMobil shareholders to vote on climate proposals
Shareholders in ExxonMobil are set to vote on a range of climate change-related proposals at the energy company’s AGM next week. The resolutions include one filed by Dutch activist group Follow This asking ExxonMobil to set a medium-term reduction target covering the greenhouse gas (GHG) emissions of the use of its energy products – Scope 3 emissions – in line with the aim of the Paris Climate Agreement to limit global warming to 1.5°C above pre-industrial le...
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May 05, 2023
Investors with $10 tn in assets urge companies to reduce use of plastics
A coalition of 185 investors has called on companies to take a more ‘radical approach’ to lowering their use of plastics given the growing financial and reputational risks. The investors have written to issuers in the fast-moving consumer goods (FMCG) and grocery retail sectors, such as Britvic, Danone and Target Corp, calling for them to ‘act more swiftly to address the plastics crisis’. ‘Companies must set a clear vision to drastically reduce cons...
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May 03, 2023
Almost third of votes back climate proposal at Goldman Sachs
A shareholder proposal seeking information about Goldman Sachs’ plans to shift away from greenhouse gas (GHG) emissions in areas where it is providing finance garnered almost a third of the votes cast at the bank’s AGM on April 26. According to an SEC filing, the resolution was backed by 30 percent of votes placed, a level of support generally regarded as significant among corporate governance experts. The vote comes as shareholder advocates and shareholders inc...
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