Tag: investment

News round-up: this week in governance
Mars CEO defends ESG and purpose; US president vetoes anti-ESG bill; trust can negatively affect M&As; Centrica chief’s £4.5m pay packet.

News round-up: this week in governance
Decarbonising ‘brown’ industries; funds pulled from BlackRock; the legitimacy of dual class shares; investors slow to address sustainability.

Regulator to review impact of ESG ratings on firms
The FRC has commissioned a review to investigate how ESG ratings agencies and proxy advisers affect investment decisions.

Companies ‘may inflate ESG performance’ to boost ratings
Researchers say firms may exaggerate their ESG performance over fears that investors will divest from their stock.

Stewardship goals: creating value, responsibly, with a sense of purpose
Stewardship starts with the character of the company, and at its core is the idea that a business is conducted to meet human and social needs.

Why Covid-19 is driving action on climate, biodiversity and social justice
The pandemic has underlined the importance of sustainable investing to global progress on ESG and stakeholder governance.

Covid and liquidity boost ‘mega’ M&A deals
This year has seen 111 mega deals, up on last year’s 97, despite the ongoing Covid-19 pandemic and uncertainty over Brexit.

ESG ‘not a factor’ in share price resilience during Covid-19 crisis
Researchers found that firms’ ESG ratings were also “significantly negatively associated with returns” in the Q2 recovery period.

LGIM to vote against combined CEO/chair roles worldwide
Asset manager says separated roles provide “a better balance of authority and responsibility”, which aligns with the long-term interests of investors.

Norges Bank excludes G4S from portfolio over human rights concerns
An investigation by the bank, which invests Norway’s oil revenues, revealed G4S had “behaved in a manner which is at the limit of, or outside, accepted norms” with regard to its treatment of migrant workers in Qatar and UAE.