ESG

Sinclair Currie

In Paisley 80 years ago, a woman became ill after being served ginger beer from a bottle containing a decomposing snail. The ensuing claim for damages resulted in a lengthy legal process resulting in success for the claimant. This precedent created a legal risk associated with poor quality service and... Show More

Corrine Ng

Whether you’ve heard of it or not, ESG (Environmental, Social and Governance) investing is already big business. Bank of America claims it has doubled in the past few decades1 and the US$1.3tn Government Pension Investment Fund of Japan intends to more than triple its portfolio allocation to ESG investments from... Show More

Paul Hennessy

Climate change has financial implications that are too big to ignore. Companies that do not anticipate regulatory developments may be at risk of a higher cost of capital, more expensive regulation or redundant assets. At Capital Group, we recognise that corporate decisions have the potential to cause harm to people... Show More

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Today's edition of the Daily AGM note is now available at this link https://subscriber.theexecutiveremunerationreporter.com.au/archives/15149 Rio Tinto's shareholders overwhelmingly voted in favour of the shareholder requisitioned resolution on climate change with more than 99% voting in favour of it across the plc and ltd AGMs. The note is updated continuously throughout... Show More

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Further to my original note on Rio Tinto's 2015 results, https://subscriber.theexecutiveremunerationreporter.com.au/archives/14462 Rio Tinto has released its 2015 Annual Report and AGM materials (plc 14 April; ltd 5 May). I take a look at the remuneration outcomes in this note. https://subscriber.theexecutiveremunerationreporter.com.au/archives/14701 I had some difficulty in reconciling the narrative disclosures to... Show More

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Following its recent announcement of $4.7 billion in capital initiatives including the pro-rated renounceable entitlement offer (the retail entitlement offer booklet was released today), the company and its two executive directors have agreed to withdraw resolutions 8 and 9 from the AGM. These two resolutions sought shareholder approval to grant... Show More

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AGL Energy's 2015 AGM was today. All but the shareholder requisitioned resolution passed on polls with strong support. The resolution to amend the constitution to impose climate change disclosure obligations failed to pass with only 5.20% of votes for the amendment. This was always the likely outcome. As observed in... Show More

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In an earlier wire https://www.livewiremarkets.com/wires/28972 I noted Origin Energy's 2015 AGM agenda includes a shareholder resolution to amend the constitution to introduce new climate change reporting obligations on the company. I look at the company's reconciliation of its current disclosures to the disclosures sought by the resolution in the attached... Show More

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In an earlier wire on AGL Energy's upcoming 2015 AGM on 30 September 2015, https://www.livewiremarkets.com/wires/28893 I identified a shareholder requisitioned resolution seeking to insert climate change related disclosure obligations in the constitution. AGL Energy's announcement today of its signing onto the We Mean Business Coalition http://www.wemeanbusinesscoalition.org/ is a step in... Show More

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Origin Energy's 2015 AGM on Wednesday 21 October 2015 includes a section 249N requisition from a small group of shareholders proposing a resolution to amend the constitution to include a requirement for annual reporting relating to emissions management, generation portfolio resilience to IEA scenarios http://www.iea.org/publications/scenariosandprojections/ as well as information on... Show More

Bell Potter

In recognition of growing demand for investments satisfying Environmental, Social and Governance (ESG) mandates, the past week has seen ANZ Bank launch its first Green Bond. This bond issue forms part of ANZ’s commitment to support the transition to a lower carbon economy. Show More

Colonial First State Global Asset Management

In December 2013, we formed a Stranded Assets Working Group (SAWG) to assess the risks associated with potential fossil fuel asset stranding. The SAWG's assessment of the issues concluded that although the risks are real, complex and potentially material to long-term investment value, there are a number of related and... Show More

Colonial First State Global Asset Management

Today marks a special day for our business, as we launch our eight annual Responsible Investment and Stewardship report, and seek to challenge the impression that investing responsibly requires a performance sacrifice. This year's report focuses on providing in depth insight into how responsible investment and stewardship adds value to... Show More