Tag Archive for ‘Socially Responsible Investing’
Activist Investors Claim Record Results on Climate Change
Investors filed a record 101 climate and energy-related resolutions with 88 U.S. and Canadian companies in 2010, a 50% increase from the year-earlier, according to activist shareholder organizations. A record 51 resolutions were withdrawn after the companies agreed to climate change and energy-related commitments.
NY State Fund Seeks to Lead Class Action Against BP
New York State Comptroller Thomas P. DiNapoli, trustee of the $132.6 billion Common Retirement Fund for state employees, said the Fund will seek lead plaintiff status in the class action lawsuit against BP Plc for damages arising from the Deepwater Horizon explosion and oil spill
Development Banks and Investors Press Anti-Corruption Efforts
The development banks agreed that companies debarred for corruption by any one of them may be sanctioned for the same misconduct by other participating banks. Separately, an investor coalition representing firms with $1.7 trillion in assets under management has asked 21 major companies to improve disclosure of bribery and corruption risks and avoidance measures.
Investors Introduce Record Number of Climate Change Resolutions
The resolutions, up 40% from last year, have been presented to some of the nation’s largest coal companies, electric power and oil producers, home builders, big box retailers, financial institutions and other businesses thought to be not adequately disclosing and managing potential climate-related business impacts.
Shareholder Advocates Urge Disclosure of Political Spending
The Center for Political Accountability, the Council of Institutional Investors and a number of shareholder advocate groups have launched a letter-writing campaign urging companies in the Standard & Poor’s 500 Index to disclose all political contributions they make with corporate funds.
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