ESG Archive

Oct 10, 2019
Most companies avoid putting ESG metrics in incentive plans
The amount of assets managed under ESG criteria continues to grow strongly. But corporate incentive plans are struggling to keep pace with this change in investor focus, according to new research. FTI Consulting and CGLytics have analyzed the pay policies of the FTSE 350 and ISEQ 20, which covers the largest stocks on Euronext Dublin. They find that, while companies are including more ESG issues in incentive plans, the proportion of pay linked to ESG performance rem...
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Sep 27, 2019
MEIRA Conference and Awards: Engagement is everything
The Middle East Investor Relations Association (MEIRA) annual conference and awards were held in Dubai this week, under the theme ‘The age of engagement’. After the dust had settled on the award winners, the speakers, the networking, the debates and the buzz generated by more than 100 IR professionals under one roof, the strongest sense to emerge was that the region has come a long way in terms of engagement, but that there still remains a long way to travel on the jou...
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Sep 18, 2019
Rewiring the proxy process: Tech firm aims to cut out delays and errors
When companies send out proxy materials, such as the agenda for an annual shareholder meeting, the information has to pass through a complicated web of intermediaries before reaching the end-investor.  The route typically includes issuing agent, sub-custodian, global custodian, ballot provider and voting advisory agent – although it can be a lot more complicated.  A start-up aiming to simplify the process is Proxymity. Launched two years ago, the London-b...
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Sep 13, 2019
SSGA finds resistance amid progress on board diversity
State Street Global Advisors (SSGA) is seeing progress in its multi-year campaign to boost female representation in the boardroom – but is still finding that many companies are not taking action, according to a new report.  The firm states in its latest stewardship report that as of June 30, 2019, 43 percent of companies – repres...
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Sep 06, 2019
ESG: The key to avoiding investor indifference
‘There is only one thing worse than being talked about,’ observed Oscar Wilde, ‘and that is not being talked about.’ For listed companies, the equivalent of this nightmare scenario is investor indifference. So-called orphan stocks languish unloved, excluded from capital and ignored by the market, left to die a slow death in an increasing spiral of anonymity. The threat of investor indifference has become a reality in recent years, driven by the extrao...
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Sep 06, 2019
Thirty Percent Coalition’s women of color campaign receives positive company response
The Thirty Percent Coalition’s national awareness campaign, launched in April, to promote women of color onto corporate boards is having a positive response ahead of a series of events in the fall, the organization reveals to IR Magazine. As part of its campaign in partnership with the Nathan Cummings Foundation, the coalition sent letters to companies in the S&P 1500 asking them to consider the value of adding women of color to their boards and invit...
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Sep 03, 2019
Investors fail to see value of S and G factors of ESG, notes study
With ESG issues the central financial zeitgeist of the age, a new report reveals that investors focus less on social and governance investment themes than on environmental opportunities. The new survey – Investor Sentiment: Responsible Investing – undertaken by Dutch asset manager NN Investment Partners, investigates which ESG factors investors believe to have the most potential to drive returns. The results show that while two thirds (66 percent) of prof...
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Aug 30, 2019
Attorney says ‘unusual’ WeWork CEO succession plan illustrates trend
WeWork has raised at least one set of seasoned corporate governance eyebrows with its CEO succession plans. The arrangement – featuring as it does a ‘pre-delegation’ of the process and the inclusion of the current CEO’s wife – is ‘quite unusual,’ a highly experienced corporate governance attorney tells Corporate Secretary, the sister publication of IR Magazine. The lawyer describes the plan as illustrative of a trend among companies g...
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Aug 23, 2019
Shift from shareholder value to stakeholder-focused model for top US firms
In a major corporate shift, shareholder value is no longer the main objective of the US’ top company CEOs, according to the Business Roundtable, which instead emphasizes the ‘purpose of a corporation’ and a stakeholder-focused model. The influential body – a group of chief executive officers from major US corporations – has stressed the idea of a corporation dropping the age-old notion that corporations function first and foremost to serve their shareholde...
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