In August 2019 the Business Roundtable issued a statement proclaiming that corporations should justify existence by looking beyond the traditional narrow focus of serving shareholders. It must, as the statement declares, consider other stakeholders, including suppliers, employees, customers, and the environment. Reflecting on this statement, the author of this New York Times article draws our attention [...]
This post by the Seventh Generation Interfaith Coalition for Responsible Investment summarizes well the SEC’s proposed limits to shareholder proxy rights, as well as those meant to weaken and hamstring proxy service providers. Included are links to statements from several reputable investor organizations and news outlets. Equally worth reading are the links to statements from two [...]
Most of the world's largest asset managers show little to no progress adjusting their portfolios for a 2 degree warming scenario. Given the poor voting records that was fodder for discussion in the fall of ‘19, this may not seem like new news. But there are other interesting details in the influence map report issued in [...]
