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BlackRock warns heavy polluters over emissions data before shareholder meetings
Simon Jessop, Reuters, 17 February 2021Carbon-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...
csr
corporate reputation
HSBC’s CEO ‘aiding and abetting’ China’s crackdown in Hong Kong: British MPs
Latika Bourke, The Sydney Morning Herald, 27 January 2021HSBC's CEO has been accused of "aiding and abetting" China's crackdown on democracy by backing the security law imposed on Hong Kong. Group CEO Noel Quinn was grilled by British MPs at a hearing of the Commons Foreign Affairs select committee, where he was questioned about why HSBC froze the account of exiled democracy campaigner Ted Hui and...
socio political environment
reputation
Rio Tinto’s decision to blow up Indigenous rock shelters ‘inexcusable’
Calla Wahlquist & Lorena Allam, The Guardian, 09 December 2020Rio Tinto should pay compensation for Juukan Gorge caves blast, a parliamentary inquiry has recommended. The Western Australian government has also been called on to put a stop to the destruction of heritage sites until new laws are passed, in a scathing report criticising the actions of Rio Tinto. The bipartisan report said Rio Tinto’s...
corporate reputation
corporate responsibility
McKinsey proposed paying pharmacy companies rebates for OxyContin overdoses
Walt Bogdanich & Michael Forsythe, The New York Times, 01 December 2020Documents released in a federal bankruptcy court in New York have shown that McKinsey & Company was involved in driving sales of the addictive painkiller OxyContin, even as public outrage grew over widespread overdoses. The 160 pages released include emails and slides revealing new details about McKinsey's advice to Purdue Pharma's billionaire...
corporate reputation
Three ways to fight corruption and restore trust in leadership
Borge Brende, World Economic Forum, 01 December 2020As paths out of the COVID-19 crisis are identified and we prepare for new environments, we must also focus on long-standing challenges affecting this recovery, such as the fight against corruption, and the need for greater trust and integrity in institutions. There is a unique window of opportunity to put good governance, transparency and ...
adaptive leadership
corporate reputation
Rio Tinto exec admits ‘overly transactional’ approach in Indigenous dealings
Anthony Barich, S&P Global, 25 November 2020Former Rio Tinto veteran executive, Stephen McIntosh has suggested the iron ore giant may have been "overly transactional" in its Indigenous relations which led to the Juukan Gorge tragedy. Mr McIntosh made the admission while speaking at the Australian-hosted online ...
corporate responsibility
corporate reputation
community relations
Corporate America says it is ready to work with Biden
David Shepardson, Reuters, 10 November 2020Corporate 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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corporate reputation
csr
socio political environment
Did social media actually counter election misinformation?
Matt O’Brien & Mae Anderson, Associated Press, 05 November 2020Social media platforms, Facebook, Twitter and YouTube promised to clamp down on misinformation ahead of the presidential election and they mostly did that, although not without a few issues. Critics have said the measures imposed still didn't address the problems exposed by...
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issues management
corporate reputation
America’s CEOs parse uncertain election results and see more gridlock ahead
Chip Cutter, Wall Street Journal, 04 November 2020The lack of a clear direction in the U.S. presidential election result is making it harder for chief executives to navigate the challenges caused by the pandemic and high unemployment. The razor-tight margins in the presidential race suggests no clear, overwhelming wave of support for the agendas of either candidate, which could be troublesome...
socio political environment
reputation
BHP bosses defend company’s decision to remain in gas & oil
Ben Butler, The Guardian, 15 October 2020BHP executives have dismissed shareholder criticism after the mining company declared its intention to continue investing in gas and oil for the 'short-term' at its recent AGM. During the AGM, BHP chairman Ken MacKenzie also focused on the fallout from Rio Tinto's decision to destroy the Juukan Gorge caves.
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corporate reputation