Long-term matters: How capitalists can save the Amazon from capitalism

When foundations and wealthy individuals launched their Rapid Response-Able Fund (RRAF) in spring 2020, commentators sneered at the “save the world” motivation while others said it would distract attention from the political changes that were needed. But at $10bn (€9bn), with plans to scale quickly to $100bn, interest in corporate boardrooms snowballed. RRAF would target…

P&G Urged to Do More for the Environment

David Taylor, CEO of Procter & Gamble (P&G) was told the company profited from a “wasteful, globally-harmful” practice — turning trees from the world’s largest, most carbon-rich intact forest into throwaway tissue products — in a letter signed by leaders of more than 115 environmental, conservation, consumer and student groups in the U.S. and Canada….

Toward Fair and Sustainable Capitalism: A Comprehensive Proposal to Help American Workers, Restore Fair Gainsharing Between Employees and Shareholders, and Increase American Competitiveness by Reorienting Our Corporate Governance System Toward Sustainable Long-Term Growth and Encouraging Investments in America’s Future by Leo E. Strine Jr.

One of the most thoughtful and knowledgable observers of American corporate governance, Delaware Chief Justice Leo Strine, Jr., believes that companies and our economy will only be robust and vibrant if investors and boards make sure to align the incentives of top executives with ESG goals. He proposes better disclosure and giving employees more power…

Corporate Leaders Speak Out Against the Muslim Ban

Corporate leaders have spoken out on gun safety and emissions standards, and now call on the government to put an end to the restrictions on Muslim immigration. The most striking sentence in the letter: “Nearly half of the top 100 companies on the Fortune 500 list were started by an immigrant or their children.” Global…

Investment Giants BlackRock and Vanguard Fail to Live Up to Climate Commitments by Voting Against Shareholder Resolutions — As You Sow

Corporate governance nonprofit Majority Action released today its report analyzing asset managers’ 2019 voting records on climate-related shareholder proposals and CEO pay at energy and utility companies. The report finds that influential firms like BlackRock and Vanguard repeatedly voted with corporate management in opposing climate risk mitigation proposals. In fact, BlackRock and Vanguard voted against…

So who in sustainable finance is going on climate strike this Friday? RI looks at who is downing tools for the environment. – Responsible Investor

Starting this week from September 20-27 students around the world are taking to the streets to demand more effective climate action – and they want the adults to join them. Unions and NGOs are pledging to bolster the numbers. But there’s one sector that’s notably absent: finance….What’s behind the reluctance? Preventable Surprises’ Raj Thamotheram says…

On Governance: 2019 Proxy Season was Huge for E&S Proposals

From the Conference Board: For the third year in a row, environmental and social (E&S) proposals are most of all shareholder proposals filed (political spending resolutions have increased in advance of the 2020 presidential elections). Voluntary withdrawals of shareholder proposals have been increasing and in 2019 close to half of E&S proposals were withdrawn after…