Investors seek commitment to net zero planning
Climate change campaigning investors have written to 107 companies, asking for prompt proof of net zero transition proposals.
Larry Fink puts focus on finance and inflation
Although BlackRock’s CEO does not mention the term ‘ESG’ in his annual letter, he highlights the investment risks posed by climate change.
Activism campaigns rise worldwide
But research shows a reduction in campaigns in Europe last year, contrasting with the pronounced increase in the US and Asia.
Investors favour votes against directors over say-on-climate proposals
Rather than push for say-on-climate votes, unhappy shareholders tend to simply vote against the reappointment of directors, research finds.
Threat to stakeholder governance from Twitter sale ‘overstated’
Academics and experts argue stakeholder governance will always come second while the law puts the interests of shareholders first.
Elon Musk weighs in against ISS and Glass Lewis
On Twitter, Musk complains that large proxy advisers hold ‘far too much power’ over shareholder voting decisions.
Activist investor campaigns rise back up to pre-Covid levels
Research reveals that activist investors were busier in 2022 than in 2019—and the upward trend is likely to continue.
News round-up: this week in governance
Musk and Edelman trade jibes; communication is key to investor relations; “green hushing” in the US; BlackRock speaks up for sustainability.
Top fund fires warning shot at ‘laggard’ boards
Norges Bank chief executive warns boards of investor pressure on climate proposals and challenges ‘corporate greed’.
Say-on-climate voting is on the up, but investor support falls
US shareholders tend to approve companies’ climate plans, while support is waning among European shareholders, finds study.