The Donald Trump administration is considering a move that would severely limit shareholder rights and cut off communication between shareholders and corporate boards. In a letter to the National Economic Council, the CEOs and executive directors of several investment organizations urged the White House to keep current protections in place.
Kraft Heinz plans to vote on three sustainability-related shareholder resolutions at its annual meeting in Pittsburgh next month. And the company is opposed to every one of them.
H&M will join the United Nation’s Better Than Cash Alliance, which aims to scale digital payments for factory workers and lift them out of poverty.
You may have voted against U.S. President Donald Trump, protested his policies, and ranted to your friends. Yet most of us are financing him and his agenda. Ironically, as more people realize this, Trump’s election may go down in history as the tipping point for the mainstreaming of ethical investing.
Studies show that gross domestic product (GDP) has a direct influence on the state of philanthropy in the United States, but are the two inextricably linked?
Investors and insurers with over $2.8 trillion in assets under management are calling on the G-20 countries to phase out fossil fuel subsidies by 2020. They went on to say public finance that supports fossil fuels is a “key concern to the finance sector.”
Insisting that “on-again-off-again regulation is a poor way to protect the environment,” eight veterans of previous Republican administrations met with White House officials to float the idea of a revenue-neutral carbon tax.
The Danish wind power giant Dong Energy, which last fiscal year generated almost $9 billion in revenues, plans to phase out coal from all of its power stations by 2023.
A planned coal-fired plant in Bangladesh would be located near the world’s largest mangrove forest, which is home to endangered species such as the Bengal tiger. NGOs are furious, and an online petition urging citizens to pressure Rampal’s financial backers scored over 1 million signatures.
As of this week, Deutsche Bank will no longer offer new financing for coal mining or coal-fired power plant projects. The move comes at a time when big banks are under increasing pressure to divest from fossil fuels, particularly controversial projects such as the Keystone XL and Dakota Access pipelines.