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More investors call on companies to pause political spending
Capitol Police scuffle with protesters on Jan. 6 while legislators were in the building.
More institutional investors are calling on companies to reconsider political spending in the aftermath of the Jan. 6 attack on Congress.
On Thursday, a group of 81 institutional investors with a collective $1.7 trillion endorsed a statement sent to CEO members of the Business Roundtable calling on them to pause political giving for at least six months and to delve deeper into its financial impacts.
Investor members of the Interfaith Center on Corporate Responsibility backing the statement also urged companies to consider taking permanent steps to end political spending, directly or through trade associations. The group cited several political risks, including the reputational risk of supporting the 147 members of Congress who voted against certifying the results of the presidential election.
Board diversity to play big role in upcoming proxy season
Aiesha Mastagni
Pressure on corporate boards to be more diverse is likely to intensify this year, as institutional investors ramp up requests and shareholder proposals, more states consider mandates and even Nasdaq gets involved.
The largest group of shareholder proposals 64 out of 239 submitted so far this year by the Interfaith Center on Corporate Responsibility involved diversity and racial justice, for example. The center s 300 members represent faith communities, asset managers, unions, pension funds and other socially responsible investors with combined assets of more than $500 billion. There is definitely momentum around diversity and inclusion, around companies willingness to tackle these issues and regulators willing to do something. There s a lot happening right now, said Aeisha Mastagni, portfolio manager for sustainable investment and stewardship strategies at the $283.4 billion California State Teachers
Anne Canavati Under the Biden-Harris administration, the United States can and must reemerge as a global leader on climate action. Accelerating research, development, demonstration, and deployment of a range of carbon dioxide removal applications is a critical step to achieving US and global climate targets. WASHINGTON, DC – April 8, 2020 – The Atlantic Council Global Energy Center announced today the selection of its 2020-2021 class of fellows for its Women Leaders in Energy Fellowship. The Fellowship is a one-year, nonresident program for early to mid-career rising women leaders in the energy and climate field with an interest in policy. […] Diversity, Equity, and Inclusion