Yahoo Finance: The tiny activist fund that recently won at least two seats on Exxon Mobil Corp.’s board is setting its sights on a new challenge -- the $6.3 trillion ETF industry.
Yahoo Finance: One after another, the high-profile hires came in recent months, and in each case, they were handed some iteration of the same mandate: To help their new employers safeguard and grow their burgeoning green-finance businesses.
Yahoo Finance: The head of sustainable finance at Goldman Sachs Group Inc. says the Wall Street firm is now experimenting with green equity, adding its weight to a new category of climate-friendly assets.
Cision: The securities regulatory authorities in Manitoba, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan (the participating jurisdictions) today published the underlying data used to prepare the sixth year review of women on boards and in executive officer positions.
Yahoo Finance: The pressure is on for boards to diversify, and it’s working. Since last June, 145 S&P 500 companies have added at least one Black director, a “brisk” pace compared to past years, according to recruiter Russell Reynolds Associates. Latino board appointments at public companies quadrupled from a year ago, and women, for the first time, hold almost a third of all seats on the S&P 500. Only one major U.S. initial public offering debuted with an all-male board last year.
Institutional Asset Manager: Fourteen institutional investment consulting firms in the US, with worldwide assets under advisement totalling more than USD33 trillion, have established the Investment Consultants Sustainability Working Group – US (ICSWG-US), with the aim of promoting and improve sustainable investment practices across the investment industry.
BNN Bloomberg: Activists seeking to end secret hearings for harassment complaints against banks claimed a victory of sorts last month when they got almost half of Goldman Sachs Group Inc. shareholders to back their proposal.
Yahoo News: Carlyle Group Inc. is the latest company to tie compensation of its chief executive officer to the firm’s performance on certain diversity and inclusion goals as corporate America tries to make good on promises to boost underrepresented talent.
BNN Bloomberg: In the run up to the 2020 U.S. election, a meme started making the rounds on Twitter. “Transport is climate policy,” someone would tweet above an article about subway improvement. “Childcare is climate policy,” they’d say about a paid maternity leave proposal. The quip applied to almost everything—even voting by mail.
Yahoo Finance: BlackRock Inc. disclosed that over the first three months of the year, it voted for a majority of shareholder proposals advocating sustainability-related changes at the companies whose shares it holds. But with key votes looming at major polluters, including oil heavyweight Exxon Mobil Corp., activists say that the firm’s true climate commitments haven’t yet been tested.
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