DOL/EBSA has a new proposed rule on ESG and proxy votes. Stay tuned for more information and our formal comment. NOTE: Comments due by December 13, 2021 and we will be up against an avalanche of opposition. The Department of Labor (Department) in this document proposes amendments to the Investment Duties regulation under Title I…
Tag: esg
ESG investing and 401k funds are everywhere. Does “ethical investing” work? – Vox
It’s also up for debate whether avoiding certain investments and divesting actually works. When investors sell off shares of a company whose practices or business models they object to, they are giving up their seat at the table and to other investors who don’t care. Divestment campaigns, like the one Harvard announced to no longer…
SEC.gov | Sample Letter to Companies Regarding Climate Change Disclosures
The Commission has stated that a number of its disclosure rules may require disclosure related to climate change.[2] For example and depending on the particular facts and circumstances, information related to climate change-related risks and opportunities may be required in disclosures related to a company’s description of business, legal proceedings, risk factors, and management’s discussion…
Short supply of green assets ‘may create bubble’ | Business | The Times
A shortage of suitable environmentally friendly assets for pension schemes to invest in could contribute to a “green asset bubble”, MPs have warned. The Commons’ work and pensions select committee said that pension schemes had the potential to help economies to cut emissions, but warned that there were only a limited number of suitable assets…
Agenda – Large Investors Target ESG Skeptics on Boards
The mechanisms for holding individual directors, board committees and entire boards accountable for insufficient oversight on environmental, social and governance issues are expanding, and large investors are planning 2022 proxy season votes in advance with ESG in mind. At the Diligent Modern Governance virtual conference this week, stewardship executives from BlackRock and T. Rowe Price…
Agenda – Director Support Sinks on ESG Concerns
Directors saw lower reelection support this year during a proxy season in which investors showed unprecedented focus on environmental, social and governance issues. More directors received less than 70% support during this year’s proxy season compared to last year’s, according to data provided to Agenda by the Conference Board and AI analytics firm Esgauge. Similarly,…
The Economic Rationale to Invest in Nature
The World Bank supports investment in “nature” with a series of supporting research linked to in the report. Our biodiverse planet is threatened by an unprecedented transformation and exploitation of terrestrial and marine ecosystems – caused mostly by human activities. The upcoming 15th Conference of Parties (COP-15) of the Convention on Biological Diversity, offers an opportunity…
UN steps up corporate human rights expectations – Minerva-Manifest
The names of some banks and investment funds have been included in an internationally recognised document compiled to help clamp down on private-sector human rights abuses. A just-released third draft of the United Nations (UN) Binding Treaty on Business and Human Rights is being negotiated by the open-ended intergovernmental working group (OEIGWG) under the…
The US gets up to speed with ESG
It has taken a long time – too long perhaps for some – but the US is finally getting up to speed with all things environmental, social and governance (ESG). In fact it could be argued that developments in play at the moment could put the country at the forefront of ESG globally. All of…
Lying, Not Changing: The Fossil Fuel Industry Pretends to Care
Chris Walker of The Daily Poster attended a fossil fuel industry conference. He noted that while a keynote panel was titled “Combating Climate Change Together,” the combat was directed more at science and real-life efforts to address the climate crisis. A major rebranding effort is currently under way as fossil fuel interests like the Colorado…
