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Despite spills and air pollution, fossil fuel companies award CEOs for environmental records

It was the worst oil spill Marathon Petroleum had seen in years. A crack in a 60-year-old underground pipeline released 1,400 barrels of diesel fuel into an Indiana creek, staining the banks of the waterway and threatening a population of endangered freshwater mussels.
United States Great Lakes Environmental Protection Agency District Of Columbia Jamal Kheiry Vicki Dobbins

Investors help push Tesco to increase healthy food sales

Investors help push Tesco to increase healthy food sales May 11 , 2021 A group of investors who had pressured Tesco to provide higher sales of healthy food got their wish this week as the UK retailer announced plans to improve nutritious options in its stores. Tesco, which had committed to lifting sales of healthy products to 65% at UK stores, promised to carry the commitment to its Booker and Central European businesses, which led to Share Action’s 100-plus investors effectively dropping a ...
United Kingdom Sarah Bradbury Simon Rawson Tesco Group Tesco Group Quality Central European

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ESG progress needs the sharp and the blunt

By Jon Hay 05 May 2021 A small band of committed investors in Tesco has achieved spectacular success with a shareholder motion on healthy food. This should embolden investors to hold issuers to account on a wider range of social matters — and also contains a deeper lesson about how markets bring about change. To listen to some in the capital markets, environmental, social and governance investing is all about numbers. Investors, they argue, need to build up better data about companies’ — ...
United Kingdom Elon Musk Simon Rawson Marks Spencer Healthy Markets Coalition United Kingdom Department Of Health

What constitutes best practice when it comes to engagement?

What constitutes best practice when it comes to engagement? Stewardship and engagement at the forefront of investors’ minds as this year’s proxy voting season draws nearer Stewardship and engagement will be at the forefront of ESG investors’ minds this year, with regulation such as the new UK Stewardship Code having taken effect, and this year’s proxy voting season drawing closer. And onlookers would say rightly so, as shown by last year’s Boohoo scandal where a number of ethical fund...
United Kingdom Hans Christoph Hirt Paul Chandler Jake Moeller Baillie Gifford Simon Rawson

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