ESG Archive

Jun 17, 2021
Investor groups probing issuers on racial equity messaging this proxy season
As thousands of people took to the streets last summer to protest the deaths of George Floyd and other black Americans at the hands of police officers – alongside the disproportionate impact of the Covid-19 pandemic on communities of color – powerful chief executives made statements of support and pledged millions of dollars in assistance. And some investors took a fresh look at how they might hold those CEOs and their companies accountable for their promises an...
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Jun 16, 2021
IR papers: CEO pay ratio builds credibility
US investigators have uncovered a curious aspect of the newly mandated pay ratio disclosure: blaming others is a more effective strategy in terms of absolving the CEO from responsibility for poor company performance when a pay ratio disclosure is present than when it’s absent. ‘Conventional wisdom is that accepting blame for poor performance increases perception of a CEO's trustworthiness,’ says study co-author Nicole Cade, assistant professor of business admi...
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Jun 04, 2021
TNFD sets 2023 deadline for new reporting framework on nature-related risks
The Taskforce on Nature-related Financial Disclosures (TNFD) has set a deadline of 2023 for the creation of a new reporting framework to address risks connected to the natural world. The organization, which officially launched this week, has also announced the appointment of two co-chairs: David Craig, CEO of Refinitiv, and Elizabeth Maruma Mrema, executive secretary of the UN Convention on Biological Diversity. In recent years, investors and regulators have ...
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Jun 03, 2021
Taiwanese companies to get free access to proxy research
A new tie-up between Taiwan’s securities’ depository Taiwan Depository & Clearing Corporation (TDCC) and global corporate governance and proxy firm CGI Glass Lewis will give issuers listed on the Taiwan Stock Exchange (TWSE) and the Taipei Exchange (TPEx) a free copy of their proxy report once it has been published by Glass Lewis. Commenting on the arrangement, CGI Glass Lewis country head for Australia Stanley Soosur says the business chose Taiwan as the fi...
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May 28, 2021
Index investors continue to expand ESG focus, survey finds
ESG integration continues to rise at large asset managers, with the vast majority saying it played a greater role in engagement, proxy voting and investment decisions during the last year. Ninety-eight percent of institutional investors say ESG opportunities and risks – excluding the impact of Covid-19 – were given more consideration during shareholder engagement this year compared with last year, according to new research from Morrow Sodali. Ninety-five percent...
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May 24, 2021
The First 25: Navigating the sustainability odyssey
The defining trends and insights from the first set of December year-end corporate reporting suites As the world evolves in response to Covid-19, our awareness of the link between society and the corporate world has heightened. Sustainability issues are coalescing with core bu...
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May 21, 2021
Support for say-on-pay votes continues to erode in US, warn compensation advisers
While investors are increasing their scrutiny of executive compensation packages again this year, the pandemic may not be playing a meaningful role, according to executive compensation experts. Investors are increasing their scrutiny of executive compensation packages again this year, but the focus continues to be on pay for performance, rather than other impacts of the Covid-19 pandemic.  A number of large companies in the US have received significant oppos...
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May 20, 2021
Big variation in holdings of top ESG funds, says MSCI study
The holdings of the biggest ESG funds ‘vary significantly’ given the broad range of approaches to sustainable investment, according to new research by MSCI. The study, which looks at the top 20 ESG equity funds in MSCI’s coverage universe, underlines the importance of understanding the methodologies and objectives that sit behind individual products....
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May 13, 2021
IBM investors and board back DEI report
The vast majority of IBM shareholders have given their support to a proposal – also favored by the board – seeking a report on the company’s diversity, equity and inclusion (DEI) efforts. Several other companies this proxy season have received similar shareholder proposals asking them to conduct racial equit...
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