he Church Commissioners for England and New York State Common Retirement Fund (NYSCRF) have written an open letter to ExxonMobil shareholders asking them to call for change in the company’s governance and strategy, by their votes on three specific issues at the company’s annual general meeting on 27 May. Investors are being asked to: Vote…
Tag: environment
Ex-Facebook executive starts group to help employees push companies on climate – Reuters
Beyond their own operations, however, many companies have refrained from advocating for broader solutions needed to avoid a global catastrophe, said Bill Weihl, who led sustainability efforts at Facebook and Google and will head the new organization, ClimateVoice. Employees at tech companies have objected to selling cloud services to Big Oil, and companies are reticent…
Jim Cramer on Chevron and Exxon declines: ‘I’m done with fossil fuels. They’re done…This is the other side of Tesla’
I’m done with fossil fuels. They’re done. They’re just done. We’re starting to see divestment all over the world. We’re starting to see companies just regard them as, I mean big pension funds saying, listen, we’re not gonna own them anymore. It doesn’t matter how good they are. The world’s changed. There’s new managers, they…
With 130-Mile Coast, New Jersey Marks a First in Climate Change Fight – The New York Times
For those who say that ESG is a distraction or tangential or contrary to shareholder value: New Jersey will become the first state to require that builders take into account the impact of climate change, including rising sea levels, in order to win government approval for projects, Gov. Philip D. Murphy announced on Monday. The…
Quants Say They Can Make Investing More Sustainable – Bloomberg
Some companies disclose a lot of information about sustainability, labor practices, or gender equity. Others say almost nothing. A fund manager buying a few dozen large-cap U.S. stocks may be able to have analysts dig up enough corporate info to make a decision. But things get harder if you want to be able to choose…
Ceres: Blueprint for Boards on Climate Risk Assessment
Some 73 major U.S. companies recorded material hits to earnings from extreme weather events in one year, while supply-chain disruptions from climate change jumped 29% over the past six years. Once again, we emphasize that ESG is not a trade-off of shareholder value; it is a more sophisticated way of assessing risk. A new report…
Accounting for Climate: The Next Frontier in ESG | S&P Global
As more and more companies and investors conclude that sustainable practices make for sustainable returns, the assessment of corporations’ environmental, social, and governance (ESG) footprints has moved from a simple measure of corporate responsibility to an investment proposition. While this general focus on ESG policies is undeniably beneficial, companies today are presented with the additional…
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….
Nordea co-founder of ground-breaking UNEP FI and banking sector sustainability initiative | nordea.com
Nordea, as the only Nordic bank, is one of 30 founding banks of the Principles for Responsible Banking developed together with United Nations Environment Programme Finance Initiative (UNEP FI). Today, during a formal ceremony at the UN General Assembly in New York, 130 banks signed the Principles. By signing these, banks worldwide, representing over USD…
ValueEdge Advisors 