PWC on Corporate Boards: Cyber Threats, #Metoo, Diversity, and What Shareholders Want PWC’s annual director survey is one of our most trusted resources on corporate governance from the perspective of the boardroom, and this year’s edition has some significant findings on issues like diversity, CEO pay, climate change, cybersecurity, and the gap between what board members…
Category: climate change
Clean up climate change? It’s just good for business. – The Washington Post
If the world’s largest companies live up to the promises they’ve made to slow climate change, together they could reduce emissions by an amount equal to those of Germany. The corporate pledges gained new attention this week after an ominous report was issued by the Intergovernmental Panel on Climate Change, which said that government policies…
BlackRock joins with Wespath to widen its low-carbon strategy | Financial Times
BlackRock has teamed up with a US client to explore fresh ways to invest in the low-carbon economy as fund management groups hunt for opportunities that arise from the shift to sustainable energy use.<P><P>The world’s largest asset manager with $6.3tn of assets, and Wespath Benefits and Investments, which manages $23bn on behalf of the United…
Shell pension fund challenged to disclose response to climate risk | Financial Times
Shell’s largest UK pension fund is under pressure from a member who says it is failing to disclose how it deals with climate risk, in what is regarded as a test case for other UK pension funds.The £16bn Shell Contributory Pension Fund was contacted last week by Christoph Harwood and ClientEarth, the legal environmental campaign…
Gore Calls on Institutional Investors to Adopt ESG Focus | Chief Investment Officer
Former US Vice President Al Gore spoke to the choir Wednesday, receiving loud applause as he told the Principles of Responsible Investing annual conference that investing to combat climate change is part of their fiduciary role.Gore, speaking to institutional investors at the PRI conference in San Francisco, did not cite any specific economic papers but…
Walden Asset Management and CalSTRs Ask NAM Members Why They Support Main Street Investors Coalition
Walden Asset Management released this statement today: Investors led by Walden Asset Management and the California State Teachers’ Retirement System (CalSTRS) called on 45 companies sitting on the Executive Committee and Board of the National Association of Manufacturers (NAM) to end the trade association’s attacks on shareholders. The investors’ letter asks the companies to distance…
Exxon Must Face Class-Action Suit Over Climate-Change Accounting – Bloomberg
Bloomberg reports: Exxon Mobil Corp. must face a lawsuit by investors who blamed a drop in the company’s shares on the disclosure that regulators were scrutinizing its reserve accounting related to climate change. U.S. District Judge Ed Kinkeade on Tuesday denied Exxon’s bid to dismiss the suit. Kinkeade wrote that the Greater Pennsylvania Carpenters Pension…
Main Street Investors Coalition Tries Desperately to Spin the New York Times Takedown as Support and Fails
Andrew Ross Sorkin’s New York Times Dealbook completely shreds the corporate-funded, lobbyist-led, climate change-denying “Main Street Investors Coalition” as a fake astroturf (artificial grassroots) group misrepresenting itself and its agenda. It’s rather hypocritical of them to call Sorkin’s piece “a hit job,” considering that it is merely a statement of facts about a group that…
‘Main Street Investor’ Coalition Aims to Undermine Shareholder Rights | Ceres
CERES CEO and President Mindy Lubber responds to the corporate-funded, lobbyist led Main Street Investors Coalition: Climate change, water scarcity and pollution, and other sustainability threats can pose significant material financial risks to many companies, particularly in industries like oil and gas, electric power, insurance, food and beverage, transportation and agriculture. Investors, as well as…
Cambridge University throws weight behind impact investing | News | IPE
The council of Cambridge University has made a landmark commitment to addressing climate change in its £3bn (€3.4bn) endowment fund following months of pressure from students and staff.The council endorsed divestment from fossil fuels and encouraging environmental impact investment not only by the endowment fund (CUEF) but by investors generally.It also plans to hire an environmental,…
