Larry Fink: Moving from Ambition to Action on Climate Change

Blackrock CEO Larry Fink calls on shareholders to make sure their portfolio companies take action on climate change in a speech after the G20 at the International Conference on Climate, hosted by the Italian Ministry of Economy and Finance and the Bank of Italy in Venice on Sunday, July 11. He emphasized the need to…

Exxon must face Massachusetts lawsuit alleging climate change deceit | Reuters

A Massachusetts state judge has rejected Exxon Mobil Corp’s (XOM.N) bid to dismiss a lawsuit by state Attorney General Maura Healey accusing the oil company of misleading consumers and investors about its role in climate change. In a decision released on Wednesday, Superior Court Justice Karen Green in Boston said Exxon failed to show that…

Companies Spend Big on ESG Investments, Hoping for Long-Term Payoff – WSJ

Companies are racking up hefty bills as they invest in new facilities and products to reduce emissions or meet other targets, hoping for a payoff down the road. Businesses increasingly are coming under pressure from investors, lawmakers and regulators who demand more details on their spending plans and the progress they are making to achieve…

BlackRock’s Governance Mess – Public Accountability Initiative

Murry Gerber has served on BlackRock’s board of directors since 2000 – over two decades – and as its Lead Independent Director since 2017. Gerber has extensive ties to the fossil fuel industry. From 1998 to 2011, he helped oversee the Appalachian fracking boom through multiple executive positions with EQT Corporation, earning tens of millions…

Agenda – BlackRock Backs Climate Resolutions While Critics Question Impact

“Supporting shareholder proposals now plays an increasingly important role in our stewardship efforts, particularly around sustainability. We will support a shareholder proposal when we agree with its intent to address a material business risk and believe that management can do better in managing and disclosing that risk. We may also support a proposal if management…

Apple Calls for Mandatory Climate Reporting – ESG Today

Tech giant Apple has come out in support of mandatory climate disclosures for companies, issuing a call on the U.S. Securities and Exchange Commission (SEC) to require consistent, audited emissions reporting. Apple Global Head of Environmental and Energy Policy Arvin Ganesan issued a statement today, highlighting the centrality of transparency by companies in the fights…

Companies Agree to Support Paris-Aligned Climate Policy | ICCR

Building on the groundbreaking majority vote in support of a proposal on climate lobbying at Chevron’s 2020 annual meeting, investor members of the Interfaith Center on Corporate Responsibility are announcing agreements reached with five companies on similar proposals requesting a report on if and how the companies’ lobbying activities (direct and through trade associations) align…