“What we have found with these banks is they are reducing their own carbon footprints, but are ignoring the impact of their investments in fossil fuels,” Fugere explained.
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The Securities and Exchange Commission recently allowed two large banks to block a shareholder proposal addressing the climate impact of the banks’ investment portfolios.
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Creating foundational documents aimed at establishing an industrywide approach to identify and address forced labor in cotton sourcing, the Responsible Sourcing Network (RSN) on Wednesday released the YESS: Yarn Ethically & Sustainably Sourced Standard, and YESS Workbook.
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When investing client assets in ESG-focused funds, don’t just consider a fund’s investment strategy and holdings; look also at its proxy voting history and current votes on shareholder resolutions, now that the proxy voting season is underway. What you find may surprise you and/or your clients.
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British-Dutch oil major Royal Dutch Shell has made it clear this week that, at least publicly, it has no interest in doing business as usual, rebuking US President Donald Trump and his administration to tighten methane while at the same time announcing it plans to be the largest power company in the world by the early 2030s.
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Climate change questions don’t get more fundamental than this one: How much time is left to act before it is too late?
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As public company annual meeting season nears, renewed calls for the SEC to raise the resubmission threshold on shareholder proposals are being fought by proponents of the current system who say the changes would hurt investors and companies.
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The oil industry has suddenly grown concerned about its methane emissions.
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Several of the world’s biggest oil companies are voicing their support for federal regulations on methane emissions, even as the trade association lobbying on their behalf continues to back the Trump administration’s efforts to weaken those rules.
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Guns, opiods and climate change are the dominant issues shareholders are focusing on in resolutions filed this proxy season, according to the Proxy Preview 2019 report released Tuesday.
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Shell and ExxonMobil support methane regulations.
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HOUSTON — Facing investor pressure, one of America’s biggest oil producers has committed to setting targets to reduce emissions of methane, a potent greenhouse gas, from its oil and gas wells.
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Proxy Preview 2019 reveals intensified shareholder pressure on corporations across a wide range of ESG issues from climate and political spending to women.
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A shareholder advocacy group applauds a recent announcement that General Mills is committing to advance one million acres of farmland to holistic practices by 2030.
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In the past few years, investors divested at least $6 trillion of assets from fossil fuel funds
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Gender inequality is in the spotlight like never before.
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The National Association of Manufacturers (NAM), a 123-year-old trade group that has worked diligently to defend Big Oil in the burgeoning climate liability battles, has also taken on another opponent to the status quo: investors.
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New York (CNN Business) Disney shareholders on Thursday narrowly approved a compensation package for CEO Bob Iger worth as much as $35 million this year.
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Headed by the World Bank and the European Bank for Reconstruction and Development, commercial banks including ING, HSBC and Royal Bank of Scotland, along with investors such as BMO Global Asset Management, have announced their intention to phase out or stop investing in coal power generation.
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NEW YORK, March 6 (Thomson Reuters Foundation) - A fresh round in the battle for equal pay will be fought at upcoming U.S. corporate annual meetings, where investors will demand that firms reveal how much less women earn than men.
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