Jupiter Backs Barclays Shareholder Resolution on Climate Change – Bloomberg

Jupiter Asset Management has thrown its weight behind a shareholder campaign urging Barclays Plc to set out how it will stop financing energy firms that don’t align with the Paris Agreement climate goals. The London-based fund manager joins around a dozen institutions including Amundi SA to back what supporters say is the first climate change…

Shareholder seeks reparations for slave-built railroad

A new category for ESG — the first-ever shareholder proposal calling for reparations from a company with a history of slave labor going back to the 19th century. In the first proposal of its kind, a shareholder is requesting a report from railroad company CSX on how it would go about paying reparations for the…

ESG Performance and the Credit Markets

Joshua A. Feltman and Emily D. Johnson, Wachtell, Lipton, Rosen & Katz write: Over time, we expect companies to find their cost of capital more directly tied to their ESG risk, which firms are lining up to help investors evaluate. All of the major credit ratings agencies have signed onto the Principles for Responsible Investment…

BlackRock’s Vow for Greener Planet to Get First Real-World Test – Bloomberg

Fink, who built the company from a mortgage-bond specialist into the largest asset manager in the world, has a crew of just a few dozen to prod the thousands of companies in BlackRock’s $7 trillion of funds to toe a more environmentally friendly line. With the annual proxy season set to kick off in earnest next month, when shareholders get…

Business Roundtable members face challenge over commitments | Financial Times

Companies including Goldman Sachs and BlackRock will be forced to confront accusations of hypocrisy at their upcoming shareholder meetings from investors challenging commitments made by corporate America to consider the environment and their workers alongside profitability. The companies are among members of the Business Roundtable, one of the largest business lobbying groups in the US, which…

The Future Climate Economy Will Be Decentralized: Green Insight – Bloomberg

the energy transition, climate change and social demographic trends are set to create a world where everything is more decentralized. One example of what may be coming is in Japan, which this week announced that it’s planning to revamp its green power law to promote distributed solar power. We’re already getting a major preview of the future…

Inequality Isn’t Shareholders’ Fault, But They Can Help Fix It – WSJ

Investors who want to do good while still doing well shouldn’t worry too much about high levels of corporate profit. They should worry about exorbitant executive pay. Income inequality remains the elephant in the room for asset managers who factor environmental, social and governance criteria into their investment decisions. It is an important one, though….