ESG Archive

May 07, 2021
Shareholders in German firm back ‘green dividend’ to tackle climate change
Shareholders of alstria office REIT have backed what is thought to be the first ‘green dividend’ where a small portion of the payout is directed to decarbonization projects that contribute little to shareholder value. At the property investor’s AGM this week, 85.2 percent of votes were cast in favor of the proposal that will see €1.78 mn ($2.15 mn) directed toward two initiatives focused on renewable energy and carbon capture. The company says it woul...
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Apr 29, 2021
Read all about it! How ESG hit the headlines last summer
As colleagues, we are true believers that ESG frameworks can help companies address risk, increase transparency in reporting and strengthen relationships with investors, employees, customers, suppliers, regulators and communities. Given the explosive growth in ESG investing and reporting, media reporting naturally followed. The first tranche of media stories focused on the financial or business perspectives, including whether there was a link to materiality and risk...
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Apr 27, 2021
TSX: Just 10 percent of companies cut executive pay in 2020
Only around 10 percent of TSX companies issued some form of pay cut to CEOs, other executives, or their board of directors in 2020, according to research from Diligent. And where cuts were implemented, they were minimal. ‘Using 2019 realized compensation as the basis, we find that the pay cuts issued by the companies represent only about 1 perce...
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Apr 26, 2021
‘Rule number one was authenticity’: The story behind Aecon’s first sustainability report
Early in Aecon Group’s sustainable reporting journey, the Canadian infrastructure company established some North Stars that continue to guide its actions today, explained speakers at the IR Magazine Forum – Canada 2021. ‘One of them was authenticity,’ said Yonni Fushman, Aecon’s executive vice president, chief legal officer, chief sustainability officer and corporate secretary.  In the session, representatives from Aecon discussed the creation of t...
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Apr 22, 2021
Sixty-eight out of 77 industries significantly affected by climate risk, according to SASB
SASB released an updated Climate Risk Technical Bulletin earlier this week to help companies better understand how they can disclose climate risk in a manner that would provide investors with helpful information. SASB’s standards divide companies into 77 industries and provide industry-specific ESG reporting suggestions, based on financial materiality. As part of this latest review, SASB finds that 68 of the 77 industries are significantly affected in some way by ...
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Apr 09, 2021
The week in investor relations: Global highs, no to J&J CEO pay package and bumper dividend from Samsung
– Markets hit record highs this week, with Europe’s Stoxx 600 recovering all of its pandemic-driven losses with investors betting on ‘a speedy global economic recovery, spurred by bumper stimulus spending and Covid-19 vaccination programs,’ reported Reuters. The S&P 500 also hit a new high and the news agency noted it took Europe’s benchmark equity index seven months ...
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Apr 01, 2021
Chevron faces two climate change shareholder proposals
Chevron Corporation shareholders are set to vote on two climate change-related proposals after the SEC rejected efforts to exclude them – although it gave no-action relief for excluding two similarly themed proposals. The proposals come as investor interest in climate change issues has ramped up over the past year and as the topic is gaining renewed attention from US regulators. The Biden administration has made the climate crisis a priority and there are already ...
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Mar 31, 2021
A balancing act: How Asian companies are looking at ESG and executive pay
StarHub, the Singapore-headquartered telecoms company, has never received an investor query around ESG and executive pay. ESG in general is growing as a topic of conversation but not in how it impacts compensation, even though – unusually for companies in the region – StarHub does in fact link ESG to senior pay, is in the process of formalizing its approach and is happy to discuss its plans. At present, ‘executives who are responsible for ESG-related KPIs – ...
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Mar 30, 2021
Making it meaningful: How European companies are linking ESG and executive pay
Many European companies already incorporate ESG metrics into executive pay. In a study of 365 issuers from major indexes in continental Europe and the UK, 68 percent have at least one ESG metric in their incentive plans, according to Willis Towers Watson. But companies are under pressure to go further. Investors want to see stronger links between ESG, strategy and pay. In particular, they are pushing for significant metrics on key sustainability topics, like climate...
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