Status of SEC’s proposed rules for more climate disclosure

This Reuters article gives us a status check on where we stand regarding the SEC’s forthcoming rule proposal to elicit more climate disclosure. My ‘tea leaves’ reading of the piece is that we will see it between one to three more months. According to the article, the biggest sticking point is what to propose regarding…

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Is the ESG “labeling” of funds counterproductive?

In this note, Harald Walkate analyzes this white paper entitled “Sustainable investment fund labeling frameworks: An apples-to-apples comparison”: I thought this a rather good assessment of the whole European ESG label minefield (sorry for the poor choice of words in this ESG context…) I have often said that “labeling” is all fine and good as…

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How “thresholds & allocations” relate to “carrying capacities of capitals”

Here is a note from Mark McElroy: Now that the Impact Management Platform, a collaboration between leading providers of standards for assessing sustainability performance, has openly embraced the concepts of thresholds and allocations in accounting, it seems fair to suggest that these ideas now qualify for recognition as best practice. Having myself been deeply involved…

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Rethinking impact investments: “Sustainable Finance 3.0”

In this note, Harald Walkate does an amazing job summarizing this paper entitled “Impact investments: a call for (re)orientation”: – propose distinguishing between impact-aligned and impact-generating investments; and for the latter there must be a *causal* effect – see 3 phases in ESG history: Sustainable Finance (1.0) motivation is purely ethical, focus on exclusions (2.0)…

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Survey: Decision-Making Processes to Partner with CSR Initiatives

Lani Hollander is studying the internal decision-making processes that companies use in selecting organizations to partner with CSR initiatives. The findings hold valuable implications for how companies can strengthen their own decision-making to increase shared value and impact, as well as how organizations can frame their unique value proposition to partner with companies who prioritize…

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How fast are law firms learning to market ESG services?

– No law firm has a fully-integrated ESG offering yet, but some firms are close. – Most firms in the Vault 100 earn a grade of “C” or lower from a group of law students concerned about climate. Some firms thought to be ESG leaders received an “F.” Only 3 firms earned an “A” –…

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Say-on-Climate upsets the separation of management & owners?

– Argues say-on-climate meddles with the separation of management and ownership. – Also voters won’t have to justify the way they vote – and run the risk of vetting plans through a “one-size-fits-all” lens. Gunster’s Bob Lamm  wrote this blog with some misgivings about say-on-climate. Here’s an excerpt: Why am I so negative on having…

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An update to GRI’s biodiversity reporting standard

As noted in this “ESG Today” article, at least 2000 organizations use the initiative’s current Biodiversity Standard. GRI now is planning to update its standard, with a goal to reach more organizations in order to enable them to address their role in biodiversity, and to help meet stakeholder expectations for transparency. Biodiversity increasingly is being…

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Investors continue to vote against ESG shareholder proposals

Here’s a note from Aine Clarke about ShareAction’s new report on proxy voting on ESG matters: Today ShareAction has published new data on asset managers’ use of their proxy votes to influence companies’ action on environmental and social issues. Examining how 65 of the world’s largest asset managers voted on 146 #ESG resolutions, ShareAction’s report…

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