ESG Monthly archive

Mar 31, 2021
A balancing act: How Asian companies are looking at ESG and executive pay
StarHub, the Singapore-headquartered telecoms company, has never received an investor query around ESG and executive pay. ESG in general is growing as a topic of conversation but not in how it impacts compensation, even though – unusually for companies in the region – StarHub does in fact link ESG to senior pay, is in the process of formalizing its approach and is happy to discuss its plans. At present, ‘executives who are responsible for ESG-related KPIs – ...
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Mar 30, 2021
Making it meaningful: How European companies are linking ESG and executive pay
Many European companies already incorporate ESG metrics into executive pay. In a study of 365 issuers from major indexes in continental Europe and the UK, 68 percent have at least one ESG metric in their incentive plans, according to Willis Towers Watson. But companies are under pressure to go further. Investors want to see stronger links between ESG, strategy and pay. In particular, they are pushing for significant metrics on key sustainability topics, like climate...
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Mar 25, 2021
S&P 500 failing to implement diversity or align pay with performance
The largest firms in the US are failing to align their executive compensation with company performance, according to new research from CGLytics, which finds an ‘arbitrary’ approach being taken to executive pay among S&P 500 companies. CGLytics’ second annual S&P 500 report, titled ‘Do 2020 trends foretell the future?’ questions whether the pay cuts announced by companies in the grip of the ongoing Covid-19 pandemic were a ‘facade’, with an aver...
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Mar 22, 2021
Proposal seeks climate-lobbying report from Sempra Energy
Shareholders in Sempra Energy appear set to vote on a proposal regarding the company’s lobbying in relation to climate change after the SEC rejected a request from the company for no-action relief if it excluded the measure. The proposal’s co-filers are As You Sow, Calvert Research and Management and Illinois State treasurer Michael Frerichs. They request that the company’s board release a report ‘describing if, and how, Sempra’s lobbying activities (direc...
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Mar 17, 2021
Wendy’s faces supply chain safety shareholder proposal
The SEC has rejected a request by The Wendy’s Company to exclude from its AGM a shareholder proposal seeking disclosure regarding worker protections in its food supply chain, particularly during the pandemic. The Franciscan Sisters of Allegany, NY has filed the proposal in conjunction with the group Investor Advocates for Social Justice (IASJ). The measure asks the board to issue a report ‘addressing Wendy’s supplier code of conduct and the extent to which Wen...
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Mar 16, 2021
SEC’s Lee seeks input on climate disclosure
Acting SEC chair Allison Herren Lee has taken the latest in a series of swift steps to bring ESG issues onto the agency’s agenda, this time by asking for feedback from companies and others on reporting. ‘In light of demand for climate change information and questions about whether current disclosures adequately inform investors, public input is requested from investors, registrants and other market participants on climate change disclosure,’ Lee says in a stat...
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Mar 09, 2021
Only a third of large companies disclose on strategic biodiversity issues, finds study
Corporate disclosure on biodiversity is failing to keep pace with rising investor interest, according to new research. Only a third of large issuers disclose how they manage biodiversity issues related to their business activities, finds a study by Leaders Arena, a consultancy.  The study analyzes the integrated and sustainability reports of the 100 largest companies in the US and Europe. It...
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Mar 02, 2021
Human Capital Management report now available
IR Magazine has released a new report investigating the impact on IR of human capital management (HCM). The report examines how companies should report on workplace practices and personnel decisions, both within the company and in the supply chain. The report also looks at how investors engage with HCM and what human capital issues are of particular interest to them.   ...
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Mar 01, 2021
SEC’s Lee puts climate disclosure on the agenda
Acting SEC chair Allison Herren Lee has taken action on corporate reporting around climate change. Lee last week issued a statement announcing that she has directed the division of corporation finance to ‘enhance its focus on climate-related disclosure in public company filings’, noting that the SEC in February 2010 issued guidance on existing disclosure requirements as they apply ...
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