Larry Fink’s Annual 2022 Letter to CEOs | BlackRock

Blackrock CEO Larry Fink continues to call on the CEOs of its portfolio companies to engage and inspire stakeholders to create sustainable returns. That includes recognizing the profound and lasting changes in the world of work and what employees need to be productive and loyal. He expects them “to play a role in decarbonizing the…

Why Finance Firms Should Pay Attention to Activist Investing

activist investing was never really an activity for ‘the people’ historically. Perhaps because ‘the people’ hadn’t yet considered how being a shareholder could be used as a form of activism. Now, we find ourselves amid a retail investor boom, and it shows no signs of slowing down. They even have a name tag for this…

Agenda – Investors Share Plans for Next Proxy Season’s ESG Blitz

After a rousing engagement season this fall, investors and other governance observers are anticipating robust support for environmental, social and governance issues at next year’s annual meetings. Shareholders are focusing more keenly on environmental and social issues in engagement sessions than ever before, according to Agenda’s most recent reader survey. As investors zero in on…

Business Week is Shocked to Discover that ESG Is Not All Figured Out Yet

In an article titled “The ESG Mirage,” Bloomberg Businessweek discovers that ESG is complicated. As we have consistently pointed out, the interest in and need for ESG data is greatly in excess of the capacity to provide it and the result has been opportunistic and cynical exploitation of that gap. We note that ESG data…

Agenda – Glass Lewis Raises the Bar on E+S Incentive Metrics

Proxy advisor Glass Lewis wants companies to offer more robust disclosure about their use of environmental and social incentive metrics, according to the firm’s 2022 proxy voting guidelines. While Glass Lewis won’t require the use of these metrics, it will consider them in say-on-pay analyses. Agenda – Glass Lewis Raises the Bar on E+S Incentive…

VEA Vice Chair on Motley Fool Money

VEA Vice Chair Nell Minow appeared on the Motley Fool Money podcast this week to talk about ESG, executive compensation, and must-see movies with Academy Awards potential.

Agenda – Audit Committees Question Climate Competency

Climate change has now become the issue of the 21st century. With the conclusion of COP26 in Glasgow, Scotland — bookended by India’s commitment to achieving net-zero emissions by 2070 and the historic U.S.-China agreement to reach the 1.5 C temperature goal outlined in the Paris Agreement — the three largest polluters in the world…

Right-Wing ESG Fund Touts First Year Results

American Conservative Values ETF (ACVF), a fund steering conservative investors away from companies deliberately funding or supporting liberal political objectives, says that they are celebrating their first successful year of trading. This measure of success is based on AUM and their press release does not go into detail about performance relative to the companies they exclude from…

MSCI Introduces ESG Ratings & Climate Search Tool

We are proud to be a leader in driving ESG and Climate transparency to help provide investors with much needed clarity as they sharpen their focus on the financial impact of climate change and raise awareness of the value of ESG data and ratings and improve disclosure standards. Our public ESG Ratings & Climate corporate…