Finpublica’s Post

We are pleased to share our reflections on the 2023-2024 proxy season. In this report, our team reviews the trends this season and the outcomes of our active ownership efforts. Learn more in our 2Q 2024 ESG Impact Report: https://lnkd.in/dfBMmMWi #proxyseason #proxyvoting #shareholderresolutions #ESGOriginal #ESG #shareholderrights #principledinvesting #activeownership

#ESG has become a politically charged term leading many corporations to dial back their mentions, changing their language and commitments. We analyzed nearly 3,000 unique documents (Corporate Issue Reports, SEC filings, etc.) from Fortune 100 companies to learn how corporations are shifting how they talk about ESG. Join us for a 30-minute webinar where we unpack what we learned. Register ⏩ https://lnkd.in/ehiq6Kuk

The U.S. Securities and Exchange Commission’s (#SEC) final climate-related disclosures rule issued on March 6, 2024 puts in motion requirements for companies to include climate-related disclosures in their #SEC regulatory filings. A panel of EY leaders will discuss in this #webcast what the rule means for companies, investors, boards and the broader sustainability ecosystem Velislava Ivanova, Jeanna M Doherty, Mark Kronforst and Eloise Wagner. Attendees will take away actionable insights to help them navigate this new #SEC rule. @EY #EY #eysustainability #sustainability #climatedisclosures #climatedisclosure #climateregulation #buildingabetterworkingworld https://lnkd.in/gYwfR3VQ

With the SEC adopting long-awaited rules on climate-related disclosures, join Latham’s #ESG Global Co-Chairs Paul Davies, Sarah Fortt, and Betty M. Huber on March 13 for a discussion on how the rules will affect companies, investors, and the markets. Register: https://lw.link/bIPMTt View our summary of the rules here: https://lw.link/bBx0FY.

With the SEC adopting long-awaited rules on climate-related disclosures, join Latham’s #ESG Global Co-Chairs Paul Davies, Sarah Fortt, and Betty M. Huber on March 13 for a discussion on how the rules will affect companies, investors, and the markets. Register: https://lw.link/xebWos View our summary of the rules here: https://lw.link/GgUwQc.

With the SEC adopting long-awaited rules on climate-related disclosures, join Latham’s #ESG Global Co-Chairs Paul Davies, Sarah Fortt, and Betty M. Huber on March 13 for a discussion on how the rules will affect companies, investors, and the markets. Register: https://lw.link/EQOLzd View our summary of the rules here: https://lw.link/6vjJYr.

Governance is back on focus this proxy season, with both the volume and support on proposals aiming to enhance shareholder rights and companies’ governance practices gaining steam. Environmental and social proposals are showing a sign of reversing trend of declining support from the 2021 peak, while anti-ESG proposals are gaining volume but not support. ISS-Corporate reviewed proposals submitted for Russell 3000 company AGMs held between Jan. 1 and May 31 for each year since 2020 to shed light on how investors were bringing up their concerns ahead of the May 23 peak U.S. AGM date, which topics carry the greatest currency, and their level of success. Read the full blog post by Jun Frank, Managing Director, Compensation & Governance Advisory: https://lnkd.in/g_bEJV4B Learn about our corporate governance solutions here: https://lnkd.in/ejNA5hhV #CorporateGovernance #Sustainability #ShareholderProposals

As leaders we need to be on the cutting edge. Come learn about the implications of this ruling and best practices

Majority points to the fall of ESG, while minority claims term has been politicized and misunderstood at House hearing The Subcommittee on Oversight and Investigations of the House Financial Services Committee recently held a hearing entitled The Fall of ESG: Scrutinizing the Failed Use of Environmental, Social, & Governance Standards and the Influence of Proxy Advisors. The stated purpose of the hearing was to examine ESG trends and initiatives, and the influence of proxy advisory firms on U.S. capital markets. The subcommittee also explored why companies and investment firms have been turning away from ESG activism and the influence of proxy advisory firms, as stated in its hearing memorandum. Three witnesses appeared before the subcommittee, including Charles Crain, Vice President of Domestic Policy, National Association of Manufacturers, Tim Doyle, Founder and Principal, Doyle Strategies, and Michael Frerichs (D-Ill.), the Treasurer of the State of Illinois. Crain’s testimony focused on the outsized influence of proxy firms and the need to impose further regulatory scrutiny on their activities, while Doyle provided detailed explanations regarding the ideas underlying ESG integration and ESG impact. This story can be read in its entirety (no paywall) on the Wolters Kluwer Vital Law site at https://lnkd.in/gP-crMA2.   As reported by Brad Rosen.   #AntiESG #ESGStandards #ProxyAdvisors #FiduciaryDuties 

Artificial intelligence emerged as a top concern for shareholders looking to reduce ESG risks. Here’s a breakdown for the over 500 resolutions covered in our 20th anniversary edition of #ProxyPreview: https://ow.ly/6u3t50QUf18