Danielle Fugere, president of As You Sow, noted that the SEC vote “comes at a time when shareholders are appropriately acknowledging — and asking their companies to address — a wide range of social and environmental issues that have the potential to harm our environment, economy, and companies’ value. Read More →
Read MoreAs You Sow has introduced a shareholder proxy asking for JPMorgan to commit to aligning its financing with the Paris Agreement on climate change. The bank has asked the SEC for permission to omit that proposal and others related to climate change from consideration during the upcoming proxy season. Read More →
Read MoreGreen America, a not-for-profit membership organization focused on the economic power of consumers, investors and businesses to create an environmentally sustainable economy, along with Americans for Financial Reform and As You Sow, delivered the petition. Read More →
Read MoreAndrew Behar, CEO of As You Sow, a nonprofit organization dedicated to increasing environmental and social corporate responsibility, said in a statement, “It is positive to hear BlackRock make a clear statement on divestment of coal; however we do not see the same rhetoric about oil and gas or the banks that fund continued extraction of fossil fuels. Let’s see if their ESG funds are actually fossil free, including no coal-fired utilities, and if BlackRock votes their shares in support of Paris [climate accord] compliance and net-zero shareholder resolutions.” Read More →
Read MoreSeveral large mutual fund companies like BlackRock and State Street have espoused a commitment to investments that benefit all stakeholders –shareholders, employees, suppliers, customers and the communities in which they operate.
Read MoreWhen investing client assets in ESG-focused funds, don’t just consider a fund’s investment strategy and holdings; look also at its proxy voting history and current votes on shareholder resolutions, now that the proxy voting season is underway. What you find may surprise you and/or your clients.
Read MoreEven if you’re an advisor that doesn’t invest client funds in ESG, SRI or impact assets, you might want to consider these key findings from a new report, The 100 Most Overpaid CEOs 2019.
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