ESG Monthly archive

May 29, 2019
Global initiative aims to transform financial system with ESG focus
The OECD, World Bank and the UN Environment Program have united to call for an overhaul of the financial system, revising and rethinking global financial structures, placing sustainable finance at the center and calling for global coordinated technology and digitization. The three bodies are working together on an agenda for governments across the globe to align financial flows with global climate and development goals, which is what signatories to the Paris Agreeme...
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May 22, 2019
SASB’s Investor Advisory Group recruits 15 new members – and new chair
The Sustainability Accounting Standards Board (SASB) today announced the expansion of its Investor Advisory Group (IAG), a collection of leading asset owners and managers committed to improving sustainability-related disclosure to investors. Fifteen new firms have joined the IAG, which has named Barbara Zvan, chief risk and strategy officer of the Ontario Teachers’ Pension Plan, as the group’s new chair. Both announcements, made at the IAG’s meeting in ...
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May 21, 2019
How to not be an activist’s target this proxy season: Ticker 102
This episode of The Ticker podcast comes to you from the Citadel Securities trading post on the floor of the NYSE. Shareholder activism has exploded since the start of the financial crisis a decade ago. New players, technologies, strategies and issues present IROs with a complex playing field and the likelihood of a dynamic 2019 proxy season. While any underperformer is vulnerable, a recent report suggests consumer discretionary, financials and telecommunications co...
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May 20, 2019
Investors believe ESG will become the norm in five years
As the march of ESG continues apace in the investment arena, new research reveals that nearly two thirds of institutional investors believe ESG strategies will become the norm in the next five years. Paris-based Natixis Investment Managers’ ESG cross-survey report – which uses data from its global surveys of financial professionals, individual investors, institutional investors and professional fund buyers – also shows that 55 percent plan to increase their al...
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May 17, 2019
UK report into inequality puts shareholding culture in the firing line
A new report into inequality in the UK from London-based think tank the Institute for Fiscal Studies (IFS) and organized by Nobel Laureate Professor Sir Angus Deaton puts shareholding culture in the firing line. At the launch of the ‘IFS Deaton Review: Inequalities in the 21st century’, Deaton says the rules of the game are rigged: ‘If working people are losing out because corporate governance is set up to favor shareholders over workers, or because the declin...
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May 13, 2019
Board oversight of culture increasingly prioritized, notes EY report
The oversight of culture is a growing priority in the boardroom and in ‘Five ways to enhance board oversight of culture’ the EY Center for Board Matters tries to establish a guide to improve it.     The first way is ‘Oversee how culture is defined and aligned to strategy’. The report states: ‘Many leaders struggle with defining and [operating] the culture that is right for their business. A corporate culture that clearly aligns with a company’s purpos...
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May 13, 2019
Mastercard AGM to feature human rights and gender pay votes
Mastercard shareholders will vote on proposals regarding human rights and gender pay at the company’s AGM on June 25, after the company failed to get permission to exclude the measures. The proposals are another example of the increasing focus on human capital management – which covers a wide range of issues such as diversity, inclusion, talent development, succession planning and workplace culture and misconduct – among shareholder measures over the past coup...
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May 13, 2019
Kellogg shareholders vote for annual director elections
Kellogg Company shareholders have backed a move to introduce annual elections for directors but will have to vote for additional measures if the change is to be implemented – a hurdle they have not overcome at a previous attempt. The vote took place at the Kellogg AGM held late last month in Battle Creek, Michigan. Specifically, the prop...
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May 06, 2019
Why more companies should consider separating the CEO-chair role
Boeing’s current crisis over the 737 Max illustrates the dangers inherent in a company CEO also holding the position of chairman, as embodied by the embattled CEO Dennis Muilenburg, who proxy advisers have called on to resign as chairman of Boeing’s board of directors. In times of crisis, an inherent but productive tension exists between finding strategies...
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May 03, 2019
Oil companies face pressure from fund managers to follow Paris Agreement
Oil companies need to rethink their business approach and support the Paris Agreement on climate targets to remain attractive investments, according to a survey of fund managers. The survey by the UK Sustainable Investment and Finance Association and the Climate Change Collaboration reveals that 68 percent of respondents see integrated oil companies (IOCs) as attractive investments if they transition to business models aligned with the Paris targets. Furtherm...
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