In recent years, both the World Economic Forum and Business Roundtable, pre-Covid, embraced stakeholder capitalism over shareholder capitalism to the exclusion of every other interest. Andrew Behar, CEO of As You Sow, which has taken on many companies over the years in proxy battles focused on ESG issues, says the tide it not turning back to Milton Friedman’s view of the world. Read More →
Read MoreAndrew Behar, a shareholder advocate and CEO of As You Sow, which has long led climate disclosure efforts among investors pressuring companies, and who is involved in the Say on Climate initiative, says using the 2050 net-zero target as an example — which is the timeline for many companies — means a net 50% reduction by 2030, because once the low-hanging fruit is taken care of, the percentage goals get harder to reach. “That means 5% every year for the next 10 years, and it means Scope 3, and they need to actually report that.” Read More →
Read MoreAs You Sow has targeted BlackRock at its own annual meeting in the past for its failure to support more resolutions. Andrew Behar delivered a speech from the floor of the BlackRock meeting last year pointing to what he sees as a disconnect between BlackRock’s words and actions, for “using its big stick like a wet noodle” Behar says, and that means he remains skeptical until he sees the results from the upcoming annual meeting season. Read More →
Read MoreIn the history of the earth’s climate two years is a infinitesimal blip, but in the recent history of investor-led efforts to push for action on climate change from corporations, two years has meant a great deal.
Read MoreTreasury Secretary Steve Mnuchin has his fair share of critics on the left and among the larger public, but last week he added close to 200 CEOs to a list of those who might have reason to hold something against him, and all it took was five words.
Read MoreClimate change questions don’t get more fundamental than this one: How much time is left to act before it is too late?
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