CalPERS reinforces commitment to shareholder engagement July 19th, 2024 The California Public Employees’ Retirement System (CalPERS) has reasserted the importance of shareholder rights following ExxonMobil’s AGM. Speaking at the Investment Diversity Exchange conference, CalPERS’ CEO Marcie Frost said its rift with ExxonMobil presented an opportunity to be “courageous”, Pensions and Investments reports. She said that […]
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Tesla shareholders have approved CEO Elon Musk’s $56 billion pay package – the largest in US corporate history – after it was rescinded by a Delaware court in January.
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Opposition to ESG investment in the US could reach Europe, Norges Bank Investment Management (NBIM) CEO Nicolai Tangen has warned.
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The Securities Industry and Financial Markets Association (SIFMA) has filed a complaint over two Missouri Securities Division rules on providing financial advice based on ESG factors.
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Many top corporations unprepared for ESG tax reporting obligations. Just a small minority of large US companies are able to share their total worldwide tax contributions, as pressure from stakeholders and regulators over ESG disclosure grows, a new survey from KPMG shows.
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The Republican-led US congressional Financial Services Committee (FSC) has proposed a series of bills that are designed to limit the impact of ESG initiatives.
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The US congressional Financial Services Committee has begun investigating the rules that govern proxy voting, the processes through which activists apply pressure to public companies to adopt ESG goals.
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Democrat senate banking chair Sherrod Brown has gained a rare level of bipartisan support for a bill designed to bring heavier regulation to the US banking sector.
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Florida passes anti-ESG bill April 5, 2023 Florida has become the latest Republican state to prohibit the inclusion of ESG considerations in investment decisions, following similar legislation that passed in Kansas. Governor Ron DeSantis signed an anti-ESG bill to require the Florida State Board of Administration to make investment decisions based “solely on pecuniary factors.” […]
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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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