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Exxon Loses Board Seats to Activist Hedge Fund
May 27, 2021
In a show of stakeholder capitalism, small hedge fund Engine No. 1 has dealt a surprise blow to Exxon Mobil Corp, unseating at least two board members in a bid to force the company to adjust its business strategy to match global efforts to combat climate change.
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Mind Matters: How Much Does Big Tech Control?
May 26, 2021
In a review of Shoshana Zuboff’s Surveillance Capitalism (2019), computer science historian Erik J. Larson explores a 1950s conflict of ideas between Norbert Wiener (1894-1964) and John McCarthy (1927–2011) and how big corporations today are making money out of tracking individual’s movements.
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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.
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Cityam.com: Can Companies Balance the Needs of all Stakeholders?
May 26, 2021
Emma Stevenson writing in Cityam.com digs into the pros and cons of stakeholder capitalism and interviews three investment experts on their insights and real-life examples of how investors can influence a company’s treatment of its stakeholders.
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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.
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