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….

Converging on climate lobbying: aligning corporate practice with investor expectations | Reports/Guides | PRI

PRI’s new guidance for engagement on corporate climate denial and lobbying: nvestors are increasingly scrutinising corporate engagement on climate policy as it plays a critical role in helping governments create practical climate policy solutions. However, corporate engagement on climate policy is a double-edged sword.  Negative and resistant corporate interest, often represented by third-party organisations, can…

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…

Big US sustainable funds fail to support ESG shareholder proposals | Financial Times

Big US fund managers that have promoted their credentials in tackling sustainability issues have done little to support environmental and social shareholder proposals, their voting records reveal. During the 2019 shareholder voting season, funds labelled by BlackRock, JPMorgan Asset Management and Vanguard as sustainable frequently sided with a company’s management and against shareholder proposals on…