ESG Rulemaking by DOL – comments are in. Several investor organizations and financial industry firms released an analysis of the more than 8,700 public comments on the Department of Labor’s (DOL) proposed rulemaking on the consideration of environmental, social and governance (ESG) considerations in ERISA-governed retirement plans. There is overwhelming opposition to the “Financial Factors […]
A climate policy appeal was sent to the CEOs of corporate America urging them adopt a “science based climate policy agenda” in line with the IPCC and to lobby accordingly, as well as aligning their trade association’s advocacy. The letter also references the investor Climate Lobbying letter backed by investors with $6.5 trillion in AUM. […]
Citigroup (C) and shareowner activist James McRitchie, who publishes the popular website CorpGov.net, reached an agreement this week on a proxy access proposal that would allow shareowners to place their nominees directly on the corporate proxy. (more…)
A series of strong shareholder votes have sent a clear message that natural gas companies must do much more to address fugitive methane leakage and management. Shareholder proposals asking Houston-based Spectra Energy $SE, Tulsa-based Oneok $OKE, and Fort Worth-based Range Resources $RRC to issue reports on how they are managing high-climate-change-impact methane emissions have received favorable […]
‘Quarterly capitalism’ desperately needs tempering with long-term guidance This guest post by Mindy S. Lubber originally appeared in Pensions & Investments on Jun 25, 2012. (more…)