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BlackRock warns heavy polluters over emissions data before shareholder meetings

Simon Jessop, Reuters, 17 February 2021

Carbon-emitting companies must disclose the full scope of their greenhouse gas emissions or risk confrontation with investors at their annual shareholder meetings, BlackRock - the world's biggest asset manager - said on Wednesday. The warning is the first time BlackRock has publicly sought the release of Scope 3 emissions data, part of its plan...

Stakeholder capitalism gains traction as companies commit to new ESG metrics

Esther Whieldon, S&P Global, 27 January 2021

Dozens of the world's largest companies have committed to use a uniform set of "Stakeholder Capitalism Metrics" in their mainstream disclosures amid broader global efforts to standardise environmental, social and governance reporting. The 21 core stakeholder capitalism metrics are based on existing measuers and offer "universal, comparable...

The year global health went local

Bill and Melinda Gates, GatesNotes, 27 January 2021

Bill and Melinda Gates have published their annual letter, stating hope is on the horizon as the world has achieved recent victories against COVID-19 in the form of new tests, treatments and vaccines. However, they have both warned that the lasting legacy of coronavirus could be "immunity inequality" - a wide and deadly gap between ...

Oil giant Exxon Mobil pushes new climate change plan as activist investors circle

Eric Rosenbaum, CNBC, 14 December 2020

Exxon Mobil has announced a new five-year plan to reduce greenhouse gas emissions. The new targets were in response to multiple activist investor groups targeting Exxon Mobil's slipping financial performance as well as a failure to address long-term energy transition needs. The oil giant pledged that its 2025 plan would also meet the Paris...

Finding a balance: Why you shouldn’t shift your CSR focus solely to pandemic relief

Kevin Xu, Forbes, 23 November 2020

COVID-19 has put business leaders under pressure to balance pandemic-related initiatives with other CSR issues. Business leaders should re-frame their CSR parameters, implement backup plans, and create a network of organisations that operate as partners rather than ...

Corporate responsibility, women in leadership and public interest journalism

Corporate responsibility, women in leadership and public interest journalism

10 November 2020

In the Centre's first episode of In Conversation, Executive Director Wayne Burns is joined by Cathy Bolt, Media and External Affairs Manager Corporate Affairs at Wesfarmers and Peter Habib, Executive Manager, Enterprise Services Communciations Marketing & Corporate Affairs at Commonwealth Bank of...

Corporate America says it is ready to work with Biden

David Shepardson, Reuters, 10 November 2020

Corporate America is ready to work with President-elect Joe Biden, on a new round of COVID-19 relief and infrastructure spending. Major business trade groups like the U.S. Chamber of Commerce and Business Roundtable issued statements congratulating Biden while President Trump still refuses to concede. Biden has already vowed to...

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BlackRock CEO backs mandatory climate reporting, urges U.S. action

Simon Jessop & Matthew Green, Reuters, 10 November 2020

Larry Fink, chief executive of the world's largest asset manager BlackRock has urged the United States to replicate the UK's recent move to make the reporting of corporate risk related to climate change...

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Australian super fund agrees to factor climate crisis into decisions in ‘groundbreaking’ case

Adam Morton, The Guardian, 05 November 2020

A large Australian superannuation fund has settled a court case with a 25-year-old member who accused the organisation of failing to properly consider the risks climate change poses to investments. The settlement between the Retail Employees Superannuation Trust and the member, requires the fund to ensure its actions are consistent with...

Make climate risk reports mandatory for 480 FTSE firms, says investor group

Kayleena Makortoff, The Guardian, 19 October 2020

The Investment Association (IA), an investor group which represents 250 members and over £8 trillion in assets is pushing UK regulators to make climate reporting mandatory for 480 FTSE-limited companies. Arguing that investment would suffer as a result of poor climate risk management.