With the 2023 proxy season well underway, it is looking like it could be another record-breaking year for environmental, social and governance (ESG) shareholder proposals.
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Japan’s three largest banks are facing pressure from shareholder groups over climate change policies that the groups claim “lack credibility”.
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With 2022 another record year for shareholder proposals on racial justice audits, 2023 looks set to continue the trend.
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Shareholders double-down as BP pushes back on climate March 17, 2023 Shareholder activist group Follow This has urged shareholders to rally behind climate-related resolutions this year after BP pushed back ahead of its annual meeting. The oil giant has called for investors to reject a resolution introduced by Follow This at its AGM on 27 […]
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Activist group Follow This files resolutions against oil majors March 2, 2023 International climate campaign group Follow This has filed shareholder resolutions against four of the world’s largest oil and gas companies urging them to take swifter action to cut greenhouse gas emissions. Six institutional asset managers, with a combined €1.3 trillion in assets under […]
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EU plans for MVR “lacking legal basis” February 3, 2023 The European Commission’s (EC’s) plans to harmonise the structure of multiple-voting rights (MVR) for SMEs have been criticised for “lacking” any legal basis. A piece on the Oxford Business Law Blog (OBLB) has disapproved of the proposals, highlighting the fact the MVR is not regulated […]
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Legislative reforms to tackle the increased use of strategic litigation against public participation (SLAPP) cases against journalists and watchdogs have been proposed by the UK government.
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AGL Energy’s Board was overhauled at its recent AGM due to concerns over its climate risk management and a shareholder campaign by tech billionaire Mike Cannon-Brookes. AGL is Australia’s largest greenhouse gas emitter, and the voting results will place pressure on other large emitters to accelerate their decarbonisation plans.
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US asset manager Federated Hermes has come under criticism for its apparent association with the State Financial Officers Foundation (SFOF), a vocal anti-ESG group.
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Executive pay has rebounded across public and private sectors over the course of 2021, an Australian Public Service Commission report has confirmed, despite the issue being front of mind for investors this AGM season.
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