ESG Archive

Jan 15, 2021
Inside Polymetal’s drive to increase diversity and set the standard in ESG reporting
Sponsored content The mining sector has traditionally been male-dominated in western markets, and perhaps even more so in Russia. Maria Lodkina, a young audit manager at accounting firm EY, didn’t think about that too much in November 2013 when she decided the time had come to turn the corner in her career and responded to an interview invitation from the gold-mining company Polymetal International in her native St Petersburg, Russia. ...
Read more
Jan 14, 2021
Nasdaq board diversity plan attracts broad support
Nasdaq’s efforts to promote diversity on boards has received support from a variety of constituencies, with a number of commenters approving of its ‘comply-or-explain’ approach. The exchange operator last month filed a proposal with the SEC to adopt new listing rules that would require companies to have – or explain why they do not have – at least two diverse directors, including one wh...
Read more
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...
Read more
Jan 12, 2021
Investors call for HSBC to publish strategy for fossil-fuel exposure reduction
In what it describes as ‘a sign of the growing appeal of climate resolutions for mainstream investors’, responsible investment NGO ShareAction says its latest resolution – calling for HSBC to publish a strategy and targets to reduce its exposure to fossil fuels – has gained the support of investors with $2.4 tn in assets under management. Fifteen institutional investors, including Amundi, Europe’s largest asset manager, Man Group, the world’s largest pub...
Read more
Jan 05, 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 ...
Read more
Dec 09, 2020
Strong corporate purpose correlates with improved financial results, study finds
When the Business Roundtable released its Statement on Corporate Purpose in August 2019, it was met with equal praise and skepticism. By the strictest definition of investor relations, stakeholder capitalism and corporate purpose should be important only if investors deem them to be material, but the continued evolution of ESG engagement shows that materiality is dynamic and def...
Read more
Dec 08, 2020
Covid reality check: How to improve virtual ESG engagement with investors
Just weeks after Isabel Green joined Rolls-Royce as head of IR in March, global travel ceased. Demand for engines and maintenance sputtered and the company’s share price plunged to a 17-year-low before regaining altitude on news of Covid-19 vaccine breakthroughs. ‘When the chips are down, you see the real priorities in a company,’ Green told the IR Magazine ESG Integration Forum – Europe....
Read more
Dec 08, 2020
Looking back on the 2020 proxy season and ahead to 2021
On a global basis, the Covid-19 pandemic has been by far the biggest issue faced by companies during proxy season. The pandemic shut down office buildings and businesses across the globe and forced people to shift to remote working, staying inside their homes with limits on physical interaction with the outside world – and heralded the introduction of the virtual AGM. Virtual meetings become the standard Robert Marese, president at MacKenz...
Read more
logo-black logo-black