ESG Monthly archive

Mar 29, 2019
MPs lambast pay of FTSE 100 senior executives
UK politicians have slammed executive pay at some FTSE 100 firms as so excessive that they are condemned as ‘corporate greed’ and put the good reputation of UK companies at risk. A report by the Department for Business, Energy and Industrial Strategy (Beis) notes that over the last decade the earnings of chief executives at FTSE 100 firms have increased four times as much as national average earnings. FTSE 100 CEOs earn around £4 mn ($5.2 mn) per annum w...
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Mar 28, 2019
Game-changing governance set to reshape Indian corporate culture
It’s not hyperbole to say that 2018 was a corporate governance game-changer for India. It was the year the securities regulator, the Securities and Exchange Board of India (Sebi), rubber-stamped a number of recommendations made by the Kotak Committee on corporate governance, and gave these recommendations the regulatory clout they needed. And from April 1 many of these changes will start to apply, with all listed companies required to ensure their implementation. ...
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Mar 21, 2019
BlackRock launches ESG-transparent ETFs
In a novel ESG investing approach, asset management behemoth BlackRock has launched six new ETFs to offer publicly disclosed data on ESG implications for the assets held within each fund. Launched in Europe, the new funds are aimed at improving ESG transparency by compiling data from MSCI with the ETFs providing an average ESG quality score and an assessment of the carbon intensity of their underlying portfolio. The six funds are tracked across MSCI indices t...
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Mar 15, 2019
Investment Association attacks ‘tokenistic approach’ of FTSE 350 companies to gender diversity
The Investment Association, the UK trade body for investment managers, and the Hampton-Alexander Review, the government-backed body to increase the number of women on FTSE boards, have written to 69 of the FTSE 350 companies, outlining concerns about the lack of gender diversity on their boards. The letter, which has been sent to companies that have no women or just one woman on the board, asks companies to outline what action they are taking to make progress and en...
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Mar 14, 2019
The class of 2018: Younger directors as board refreshment speeds up
Board refreshment is speeding up, while new independent directors are getting younger. That’s the finding from EY’s third annual report on Fortune 100 companies, which gives a snapshot of the boardroom ‘class of 2018’. Last year saw 71 percent of Fortune 100 firms add at least one new independent director, says EY, while 27 percent added two or ...
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Mar 08, 2019
Fearless Girl campaign prompts more than 400 firms to add female director
Earlier this week, the world’s second Fearless Girl statue was installed in London, just feet away from St Paul’s Cathedral. As is the case with her counterpart in New York – originally installed opposite the Financial District’s Charging Bull and now stationed outside the NYSE – she stands tall, hands on hips, looking proudly out to the world. When New York’s Fearless Girl statue was installed on International Women’s Day 2017, it marked the beginnin...
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Mar 04, 2019
Australian firms must do more on climate change risks, says report
Australia’s biggest companies still have to fully grasp calls from regulators and investors to do more to mitigate the risks of climate change, according to a new study by environmental campaign group Market Forces. The group finds that a little more than half (57 percent) of companies identify climate change as a material business risk and just 32 percent disclose detailed discussions of specific climate risks and opportunities facing their business. Marke...
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