Reflecting the materiality of corruption and risk to shareholders, and to mark International Anti-Corruption Day, (Monday, 9 Dec 2019) Minerva is announcing the inclusion of a new anti-corruption metric in its pre-AGM research reports. Alongside indicators for climate change, cyber-security and tax governance, the new corruption indicator and voting guidelines will help investors take an…
Tag: esg
Shareholders Urge JPMorgan Chase, Wells Fargo to Act on Climate
A coalition of investors — Walden Asset Management, Presbyterian Church USA, and First Affirmative Financial Network — led by shareholder advocate As You Sow recently filed climate-focused resolutions with a large segment of the U.S. banking industry, including JPMorgan Chase, Wells Fargo, Bank of America, Goldman Sachs, and Morgan Stanley. Investor concern is growing regarding…
Asia-Pacific investors more open to ESG investing | The Asset ESG Forum – Environmental, Social & Governance
ESG consideration is gaining more acceptance from investors across the Asia-Pacific (APAC) region, according to the APAC results released by Franklin Templeton of a comprehensive global study on ESG adoption, implementation and development across institutional and wholesale asset owners globally. The study was conducted by NMG Consulting. ESG considerations gain acceptance Results show investor predisposition…
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…
UK Labour Proposal: Climate change: Firms failing to tackle crisis will be delisted from stock exchange
Companies that fail to act on the climate change they cause will be axed from the stock exchange, under radical Labour plans. John McDonnell, the shadow chancellor, pledged his government would ensure firms are “pulling their weight” to tackle the “existential threat” to the planet. And he warned: “For those companies not taking adequate steps…
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…
Why America’s CEOs Are Talking About Stakeholder Capitalism by Mark Roe – Project Syndicate
[T]wo deeper forces help to explain why the Business Roundtable felt that it needed to say something now. First, activist shareholders are making life uncomfortable for the boards and senior executives of America’s largest corporations. The Business Roundtable’s statement is thus in part a plea from CEOs for more autonomy vis-à-vis shareholders. In effect, the Roundtable’s…
Tracking SEC’s Evolving Approach to ESG Disclosures
The SEC is moving—slowly—toward including environmental, social, and governance (ESG) disclosures in public company filings. Although the U.S. House of Representatives’ Financial Services Committee in July 2019 rejected a bill that would have aligned ESG reporting standards closer to those found in the EU and required climate change risk factor disclosures, ESG is an issue…
Costco Will Report on Prison Labor – Corporate Governance
Jim McRitchie reports: Costco will report on prison labor in its supply chain, such as pajamas from China, making it if the first U.S. company to make a public commitment to disclose known instances. Many thanks to NorthStar Asset Management for negotiating the agreement. via Costco Will Report on Prison Labor – Corporate Governance
Michael W. Frerichs – Illinois State Treasurer: Raising The Bar on Investing
Illinois state treasurer Michael W. Frerichs is one of the most respected public pension fund fiduciaries in the country and we were delighted to see his thoughtful comments on ESG as an essential element in minimizing investment risk. Making Prudent Choices. Investing means making choices. For the investment officers at the Illinois State Treasurer’s Office,…
