environmental social governance (ESG News

McDonald’s Investors Demand Civil Rights Audit in Close Vote

McDonald’s Corp. investors voted in favor of a proposal calling for an independent civil-rights audit, going against the company’s recommendation, according to preliminary vote totals viewed by Bloomberg. The fast-food chain joins the ranks of other large businesses facing a …

Republicans Have a New Enemy No. 1: ESG Investing

Heading into the hotly contested midterm elections, the American political right has a new rallying cry: Down with ESG. Conservatives have identified the popular investing strategy, which accounts for environmental, social and governance risks, as part of a broader narrative …

Climate Votes Fought by Major Oil Companies Get Key Backing

An investor-led push for major oil companies to set climate goals in line with the Paris agreement won support from a key proxy advisory firm for the first time, setting up a showdown at upcoming shareholder meetings. Institutional Shareholder Services …

ESG, Invasion of Ukraine Focus of Marsh McLennan Earnings Call

Much attention was paid to ESG (environmental, social, and governance) issues and the Russian invasion of Ukraine as Marsh McLennan reported the highest first-quarter underlying growth in more than 20 years. First quarter net income attributable to the company was …

SEC Chief Expects ‘Fair Number’ of Large Companies to Disclose Scope 3 Data in Climate Rule

A “fair number” of the largest U.S-listed companies should be caught by a proposed requirement to disclose third-parties’ greenhouse gas emissions, the chair of the U.S. securities regulator told Reuters Events Responsible Business forum in an interview. The Securities and …

Most Middle-Market CFOs Believe ESG Strategy Will Improve Financial Growth

According to a new survey from professional services firm BDO, about two-thirds of middle-market CFOs think implementing an environmental, social and governance (ESG) plan will benefit financial performance in the long term. “Expectations of business have changed,” BDO said in …

Many Boardrooms Still Fail to Grasp ESG Risk, Marsh Review of Annual Reports Finds

Many global firms are still failing to prioritize environmental, social, and governance (ESG) risks in the boardroom, which is creating worrying gaps in their evaluation and mitigation of these mounting hazards, according to research by insurance brokers and risk advisors …

Where U.S. Insurers Are in Integrating Environmental, Social, Governance Issues

U.S. insurers are increasingly listening to demands from stakeholders that they use social, environmental and governance factors in their decision-making. According to an AM Best survey, 6 in 10 companies are aware of greater demand from stakeholders to consider ESG …

Allstate Among Large Firms Linking CEO Pay to Diversity Gains

Corporate diversity has become the most common type of sustainability metric used in setting executive pay, a new study found, as companies look to increase the share of women and minorities in their workforces. Among 61 metrics used by Fortune …

Investors Ask SEC for More ESG Disclosures as Companies Resist: Analysis

Investor groups have asked the U.S. Securities and Exchange Commission for more corporate disclosures on climate change and other environmental, social and governance (ESG) issues while business interests have pushed back, a Reuters review of correspondence published by the regulator …