UN-ESG

SEC Expands Focus on ESG-related Products

June 14, 2021

The Securities and Exchange Commission (SEC) is continuing to focus on companies recommending or offering environmental, social, and governance (ESG) by creating an alert that provides greater specificity regarding issues related to ESG products and services.
Shell Ordered to Deepen Carbon Cuts in Landmark Dutch Climate Case

June 02, 2021

A Dutch court ordered Royal Dutch Shell to reduce its planet warming carbon emissions by 45% by 2030 from 2019 levels in a landmark ruling that could trigger legal action against energy companies around the world, forcing them to increase investments in renewables and away from fossil fuel.
CNCA Delivers Blueprint for International Corporate Accountability Law in Canada

June 02, 2021

In an effort to provide lawmakers with a blueprint for writing corporate duty to respect human rights and the environment into Canadian law, the Canadian Network on Corporate Accountability (CNCA) released a draft model legislation that if passed, would require Canadian companies to prevent human rights and environmental harm throughout their global operations and supply chains.
Greek, Latin no Longer Required for Classics Majors at Princeton in the name of Equity

June 02, 2021

In an effort to create a more inclusive, equitable program and combat « systemic racism », Classics majors at Princeton University will no longer be required to learn Greek or Latin.
CityJournal.com: Lockhead Aims to Decontruct « White Male Culture »

June 02, 2021

Christopher F. Rufo writing for city-journal.org details how last year, the U.S.’s largest defense contractor, Lockheed Martin, sent thirteen key white male executives to a three-day diversity-training program aimed at deconstructing their “white male culture”.
ConocoPhillips: Shareholders Demand Strong Climate Action

May 26, 2021

A clear signal has been sent to the U.S. oil and gas industry that investors want to see ambitious climate action following a historic vote at the oil majors' annual meetings where they passed resolutions to agressively reduce emissions at ConocoPhillips and Phillips 66, as well as demanded that the company issue a report on whether its lobbying activities are consistent with the goals of the Paris Climate Agreement.
Fund Managers will Soon be ESG Advisers

May 25, 2021

As environmental, social, and governance (ESG) investing continues to explode, asset managers are responding with marketing activity and new products and increase their portfolios and even becoming strategic ESG advisors themselves.
Exxon Board Election could be Based on BlackRock’s Climate Goals

May 24, 2021

As the May 26th election for Exxon’s 12 directors approaches, top asset manager BlackRock (BLK.N) could determine the outcome of a proxy fight between Exxon Mobil (XOM.N) and a hedge fund seeking to reshape the oil giant's board and future direction, including setting a course to limit global warming to below 2 degrees Celsius by 2050.
Bloomberg: ISS Says Amazon Investors Should Vote for Racial Audit

May 19, 2021

Institutional Shareholder Services Inc (ISS) is encouraging Amazon.com Inc. investors to vote in favor of an independent racial audit of the world’s largest online retailer, including its impacts on civil rights, equity, diversity and inclusion, and how those issues affect Amazon’s business.
Facebook Oversight Board: International Human Rights Tribunal?

May 17, 2021

Following the Trump ban decision, many similarities have been revealed between the Facebook Oversight Board to an international human rights tribunal, such as the European Court of Human Rights, potentially impacting set standards and due diligence for social media companies in the future.