ESG Monthly archive

Apr 29, 2019
Northern Europe leads the world for capital market ESG, reveals analysis
Northern Europe leads the way on ESG among the world’s indices, according to the Morningstar Sustainability Atlas, with Denmark scoring highest on social criteria. The Netherlands scores highest on governance and Portugal tops the environmental criteria. Denmark’s high score is driven by top holding Novo Nordisk, which is viewed as a leader within the global pharmaceuticals industry, while the Netherlands’ high position is owed to ASML – an ESG leader...
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Apr 25, 2019
Leading global investors top for responsible investing practices
Leading global investors CalPERS, Japan’s Government Pension Investment Fund and the UK’s Strathclyde Pension Fund are among some of the most responsible asset allocators in the world, according to a new ESG ranking and report.   The Responsible Asset Allocator Initiative (RAAI) at New America – an organization dedicated to tackling the challen...
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Apr 24, 2019
Proxy season 2019: Focus on long-term strategy as proposal support grows
Companies wanting to know what to look out for in the 2019 proxy season should take note of the long-term-focused messages coming from some of the world’s largest investors, according to the latest ProxyPulse report from Broadridge and PwC.  Citing BlackRock CEO Larry Fink’s 2019 annual letter to portfolio company CEOs and State Street Global Advisors (SSGA) president and CEO Cyrus Taraporeval...
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Apr 23, 2019
Asset managers align investments with UN Sustainable Development Goals
A majority of asset managers and asset owners are beginning to align their investments with the United Nations’ Sustainable Development Goals, according to a survey by BNP Paribas Securities Services. The survey of 347 institutional investors – 178 asset managers and 169 asset owners – shows a growing commitment to ESG investments, with 75 percent of asset owners and 62 percent of asset managers holding 25 percent or more of their investments in funds incorpor...
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Apr 19, 2019
CII targets better ESG and human capital disclosure
The Council of Institutional Investors (CII) has called for action to be taken to improve issuers’ reporting around human capital management and ESG matters, at a time when non-governmental changes appear to have more momentum than regulatory reforms. Human capital management is becoming an increasingly important issue for companies and investors, putting many governance teams in a position where they need to help boards understand the challenges and opportunities...
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Apr 12, 2019
Should boardrooms consider political diversity?
Should corporates be more interested in ‘ideological diversity’ in the boardroom? They should, according to Justin Danhof, director of the National Center for Public Policy Research’s Free Enterprise Project (FEP), a conservative shareholder activist group, who says ‘Silicon Valley-based companies are too liberal’. ‘We’re seeking to protect investors and one area of vulnerability we see is political unanimity,’ Danhof tells IR Magazine. ‘T...
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Apr 11, 2019
Netflix adopts proxy access
Netflix has become the latest US public company to give investors a greater say in who is picked for its board.  According to a regulatory filing, the Netflix board of directors late last month amended and restated the company’s bylaws to add a proxy access provision. The updated bylaws state that a shareholder owning at least 3 percent of the company’s o...
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Apr 10, 2019
Investors underpricing impact of climate-related risks, says BlackRock
Asset manager behemoth BlackRock warns that investors are underpricing the impact of climate-related risks and need to rethink their assessment of asset vulnerabilities. The group, in a major piece of on-going analysis, asserts that while the physical manifestations of climate change are clear, including rising sea levels, and more intense hurricanes, wildfires and droughts, how investors incorporate these risks into their analysis is not. The research indica...
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Apr 05, 2019
Companies face mini-wave of plastic pollution proposals
Petrochemical companies are facing pressure to disclose incidents where they have spilled plastic into the ocean, which leads to what is said to be a major source of pollution. As You Sow, a non-profit organization that promotes environmental and social corporate responsibility via engagement, investor pressure and other legal strategies, has filed proposals seeking such reports with four major companies this proxy season. If approved, the proposals would req...
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Apr 02, 2019
Investment Association reveals UK gender pay gap challenges
With the government’s gender pay gap reporting deadline of April 4 only two days away, UK asset management trade body the Investment Association (IA) has today launched a new report that looks into the make-up of the gender pay gap in the asset management sector. The report, Closing the Gap, finds that IA members have a median gap – the difference between the midpoints in the ranges of earnings of men and women – of 31 percent. A significant factor in t...
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