ESG Monthly archive

May 27, 2020
Canadian investors pledge to maintain climate focus amid pandemic
Canadian institutional investors plan to maintain their focus on climate change despite the upheaval caused by Covid-19, according to new research.  While the pandemic is the number one concern for investors right now, climate change remains a key issue and companies should prepare for a continuation of ‘challenging questions’ on the subject, notes the report from Millani, an ESG consultancy. The study, which surveyed the views of 23 Canadian institution...
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May 27, 2020
US mid-caps warm to stakeholder value
Mid-cap companies in the US are focusing on more than just shareholder returns by increasing the integration of ESG factors into their business performance planning, according to new research.  In a survey of 400 middle-market executives, 74 percent say formulating plans to develop and appropriately compensate employees is important, followed by 70 percent who emphasize the importance of providing value to customers. Delivering results to investors rounds out the t...
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May 22, 2020
XPO Logistics shareholders reject exec comp proposals
Shareholders in XPO Logistics last week rejected proposals including two that would have linked executive compensation at the company to either ESG metrics or efforts to stop sexual harassment – but voting also indicated a level of opposition to the company’s overall executive compensation. As with hundreds of other companies, XPO Logistics held its May 14 AGM in a virtual format due to the public health concerns arising from the Covid-19 pandemic. If approved, ...
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May 21, 2020
Advisory intelligence: Evaluating your investor-facing ESG story
Sponsored content The rise of ESG investing strategies has been well documented, but the continued performance and demand for ESG information during the Covid-19 outbreak underscores how important it is for IR teams to have a compelling investor-facing ESG story.  Almost $31 tn in institutional assets were invested sustainably in 2018, according to ...
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May 15, 2020
ESG reporting in a crisis: A luxury firms cannot afford?
When Saudi Aramco announced its Q1 earnings this week, media attention was firmly on the announced lower profits and the maintenance of the oil giant’s large dividend.  What was less remarked upon was the fact that around 25 percent of the Q1 earnings press release concerns itself not with financials or commentary on financial performance; no, the final quarter of the release focuses on a ‘Covid-19 Update’. And this update consists of the following: how we ar...
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May 15, 2020
Considering poison pills as corporate vaccines amid Covid-19
The US economy is not immune to the Covid-19 pandemic. Increased market volatility, lower stock prices, the reluctance of shareholders to endorse short-term goals of shareholder activists and higher scrutiny from advisory firms have created an environment that is expected to lead to an increase in hostile takeovers yet again. In advance of the potential resurgence of unsolicited takeover attempts, boards should consider the defense mechanisms available to them and r...
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May 14, 2020
Standard Life suffers investor revolt over online shareholder meetings
Standard Life Aberdeen, the UK-based investment company, suffered a defeat at its AGM this week over plans to allow online shareholder meetings. Investors cast just over 37 percent of votes against a resolution to adopt new articles of association, which would have allowed the company to call meetings where shareholders could attend remotely. Being a special resolution, it needed 75 percent approval to pass. The vote underlines the contentious nature of virtu...
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May 06, 2020
Rule 14a-8 reforms would halt many resubmissions, CII argues
A new paper from the Council of Institutional Investors (CII) argues that parts of the SEC’s proposed changes to Rule 14a-8 would have more than doubled the number of shareholder proposals excluded from proxy statements over the past several years, had they been in effect. At present, a company can exclude a shareholder proposal if one substantially on the same topic received 3 percent, 6 percent...
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