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Multinationals
Broker survey reveals more than half would look more long term in absence of quarterly numbers
Citi analysts encouraged to comment on pros and cons of 3-month reports.
RI interview: Anne Simpson, CalPERS: building a global coalition of asset owners on governance
How an informal group of the world’s largest asset owners is seeking to change the corporate governance landscape.
RI interview: Teresa Fogelberg, GRI Deputy CEO: Rio+20 report or explain on corporate sustainability
GRI believes its proposal could be adopted in Brazil.
UK CEOs paid ‘excessive’ short and long-term bonuses compared to European peers: report
UK corporate chiefs 7 out of 10 best-paid in Europe in 2011
Dell, Intel and Motorola under fire from NYC funds on supply chain labour rights
Adopt voluntary standards or face AGM votes, funds tell tech companies.
Vedanta Wal-Mart and Freeport most excluded companies in European investor sample: Novethic
15 most blacklisted companies listed by large investors.
Olympus scandal highlights need for tighter focus on corporate governance in Japan
Increased levels of accountability and transparency are needed if Japanese companies are to attract long-term shareholders.
EU Transparency Directive outlines new extractives and logging company reporting standards
Country-by-country reporting will encourage accountability and governance of natural resources, says EU.
New York City funds trigger Microsoft supply chain commitment
Software giant says it appreciates discussions with shareholders
Investors back EU on enhanced disclosure for extractives companies
But letter to EU Commissioner, Michel Barnier, warns on legal conflict.
Pressure mounts on News Corp board as US proxy firms weigh in
ISS and Glass Lewis recommend director no votes.
Top 13 extractives giants own 6,000+ subsidiaries as EU mulls country-by-country reports for sector
Report says shareholders can’t measure potential risks to their investments.
Remuneration at heart of new OECD guidelines for multinationals
Tougher standards to protect human rights and social development
$900bn investor coalition to write to Russell 1000 CEOs in sustainability push
Levi Strauss kicks off investor-corporate sustainable round table with supply chain commitment.
UK reporting watchdog forced Rio Tinto to publish ESG financial risks
Investigation followed complaint from investor.
Amazon.com facing climate change resolution at AGM
Investors have opportunity to hold firm to account
Dutch pension giants voted against BP safety chief
Influential asset owners refused to back Sir William Castell
BP’s ghost reappears but have asset owners learned their lessons?
Australia’s first climate change AGM resolution at Woodside Petroleum takes place on April 20.
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Wal-Mart could face shareholder resolution on supply chain sustainability
SEC gives OK to New York Pension Funds’ AGM proposal
BP faces pressure from world’s biggest investor proxy voting firms ahead of AGM
Influential advisors take oil major to task over remuneration and safety.
Shell cuts executive bonus link to Dow Jones Sustainability Index
Decision follows exit from index in 2010
Almost 40% of shareholders vote down Novartis board package at AGM after first ever say-on-pay
AGM is first ever advisory vote on remuneration following investor campaign.
Shareholders drop resolution on BP’s Gulf oil spill
Investor group favours UK-style engagement at oil major
Boston Common divests Cisco Systems over human rights
Investor also expresses concerns over proxy voting
APG calls on BP to integrate safety into pay following Deepwater
Call comes as US funds get lead plaintiff status
BP facing shareholder resolution on oil spill
Global investors team up to quiz oil major on risk management
Norway’s KLP puts BP on watch list over Deepwater oil spill
Influential responsible investor initiates dialogue with oil giant
European Commission consults on ‘country-by-country’ multinational tax reforms
Investors could be better able to assess national tax activities, says EU.
UK pension funds slam Vedanta on ESG issues as share price tanks
Funds say company has been intransigent in the face of corporate engagement.
Pension funds buy into Transocean despite US criminal justice probe: RI Exclusive Research
SEC filings show mixed response by investors to Deepwater drilling company
APG sends warning to mining firm Vedanta on ESG issues
Giant pensions manager abstains at AGM vote over ESG concerns.
APG details 19 exclusions; plans ESG by asset class
Dutch giant releases Responsible Investing Report
What have asset managers learnt from the BP disaster?
Few fund managers sold BP despite some of the warning signs.
US pharma groups rise in 2010 Access to Medicine Index rankings
First ATM ranking for generic drug companies
Ontario legislature report calls for Toronto-listed firms to face more ESG disclosure
Exchange is major listing venue for mining and hydrocarbon companies.
How should investors respond to the BP Deepwater disaster?
Demand a full, long-term environmental clean-up, board accountability and management explanation, say Mark Tulay and Stephen Viederman
Drilling down on ESG risks in the mining sector
Investors need to be aware of the multiple sustainable initiatives and how they work.
Shell: investor campaigners strike blow on tar sands
11% of votes decline to support management
Shell’s Dutch pension fund engages with 117 companies
€15bn fund in dialogue on a range of issues
Investor coalition calls for clean energy shift after BP Deepwater disaster
Shareholders press BP over safety and environmental cost of deep sea oil extraction.
Shareholder abstention on oil sands resolution fires BP warning shot
More than 15% of share register fails to back BP management.
Shell UK pension fund among new UN PRI signatories
€12bn Shell scheme joins burgeoning UN PRI membership
Oil sands campaign targets ConocoPhillips and ExxonMobil ahead of today’s BP showdown
Resolutions for improved reporting lodged with two more oil majors.
RI round up: Apr 09
RI’s regular round-up of the most important responsible investment news.
APG may vote against BP, Shell on tar sands
APG Asset Management warns it may join shareholder protests over the involvement of oil giants BP and Shell in controversial tar sands projects in Alberta, Canada.
UK trades unions and NGOs unite for pension fund e-mail campaign over BP/Shell tar sands
Website lists pension funds and managers with shares in oil giants.
Shell freezes exec salaries and includes sustainability performance after shareholder pressure
Oil giant cites ‘open and constructive’ shareholder dialogue
Institutional shareholders to quiz Shell board over Canadian oil sands at AGM
FairPensions co-ordinates resolution for May 18 shareholder meet.
Mn Services: The former Dutch politician now engaging with Wal-Mart
RI talks to Kris Douma, who leads the governance of 2000 companies worldwide for Mn Services, the Dutch pension fund manager.
Sovereign wealth funds: the future of ESG investing?
Attacked for political investing, could sovereign wealth funds actually be the most important future trend in ESG finance?
RI interview: Global Compact chief points the way for UNPRI
Georg Kell, executive director of the corporate forerunner of the UNPRI talks about the issues the $14 trillion investor initiative may have to face.
Why sovereign wealth funds have provoked schizophrenia in western markets
Market saviours or dangerous political investors? Sovereign wealth funds have got governments in a funk.
UN PRI cuts its teeth with first public investor campaign
Supporters say boost to Global Compact points the way to more sophisticated collaborations.