The Shareholder Commons Unveils New Investor Strategy for Shielding Portfolios from Climate Change and Public Health Threats

The Shareholder Commons, a non-profit advocate for diversified shareholders, today released two case studies focused on the harmful impacts of climate change and antimicrobial resistance. The case studies demonstrate the gap between company-first ESG advocacy and portfolio-first system stewardship and prove to investors that measuring financial success on an enterprise-by-enterprise basis will never motivate companies…

Environmental groups ask P&G investors to vote against CEO as board chair

Universal proxy will put more pressure on corporate insiders to engage on these proposals. [E]nvironmentalists have been prodding P&G to make changes on forestry for several years.”These proposals are more powerful because they get more support,” said Nell Minow, vice chair of corporate governance consultancy ValueEdge Advisors, adding that recent regulatory changes make it easier…

Alan Murray Can’t Understand Why the BRT Likes Climate Change

We’ve highlighted the reason Alan Murray overlooks below in his confessed inability to understand why the BRT left environment out of its recent commitment to social good. [F]or reasons not entirely clear to me, the BRT seems to have lost its environmental enthusiasm. In a Medium post last week, which was intended to reinforce the…

More Investors Vote Against Corporate Directors Over Climate Change – WSJ

Investors are increasingly voting against the election of corporate directors to get companies they see as laggards on climate change to raise their ambitions. So far this year, investors have cited climate change as a reason for opposing the election of a management-backed director at 225 U.S. companies, up from 157 in 2021 and 83…

WSJ Gets Duped on Fake News ESG “Study”

The Wall Street Journal was either duped or disingenuous in an op-ed from Vivek Ramaswamy (author of anti-ESG book Woke, Inc.) and Riley Moore (Treasurer of coal-economy West Virginia) about a study giving bad grades to pension funds and fund managers for supporting the proxy contest at ExxonMobil in 2021. See below: Insight ESG Energy is…

The GOP Is the Party of Gruesome Oil Profiteering | The Nation

“Investor pressure to maintain capital discipline” is a nice way of referring to putting profits ahead of the public good. And that’s precisely what the oil companies are doing. “Big Oil executives are bragging to shareholders about price gouging families at the pump,” said [California Representative Katie] Porter. “They’re purposely keeping supply low to earn…