Posts tagged esg
ESG Funds Under Attack: Why Republicans Are Targeting Socially Responsible Investing

Republicans are on a “crusade” against responsible investing, says Andrew Behar, CEO of the nonprofit group As You Sow that promotes corporate responsibility through shareholder advocacy. His group was subpoenaed to testify before the House Judiciary Committee this week as Republicans probe whether investments that take into account environmental, social and governance (ESG) concerns violate antitrust laws. Read More →

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There were even more ESG shareholder proposals this proxy season than last year—Here’s why investor support for them tanked

For example, proposals that focused on cutting emissions across a company’s supply chain found a warmer reception than those that set specific deadlines for companies to phase out of fossil fuel projects, the report states. (Andrew Behar, CEO of leading shareholder activist group As You Sow, has also acknowledged that “tougher” proposals were a hard sell this year.)  Read More →

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Anti-ESG drive in U.S. could have cost taxpayers up to $708 mln - study

The study based its analysis on a recent Wharton School of Business paper that found Texas taxpayers could have faced up to $532 million in additional interest payments because of restrictions introduced in that state. "Legislators will face the backlash of their constituents for flushing hundreds of millions of dollars down the toilet for their own political games," said Andrew Behar, CEO at shareholder advocacy group As You Sow, one of the backers of the study. Read More →

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Shareholder climate activists aim for ‘watershed year’

"The theme is that investors are looking to all of their companies to address climate risk," said Danielle Fugere, the president and chief counsel of As You Sow.

Last year, 14 ESG resolutions backed by the sustainability advocacy group were voted on by shareholders of some of the nation’s largest companies, according to data compiled by the Manhattan Institute think tank. More than a quarter of As You Sow’s proposals were supported by those investors.

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