Pharmaceutical companies, including Pfizer and Johnson & Johnson, are under pressure from governments and their own shareholders to ramp up access to COVID-19 vaccines as global distribution of the shots remains wildly unequal. The U.S. reportedly bought enough doses to fully vaccinate over 700 million people, more than twice its population. Meanwhile, nearly a dozen countries in Africa and elsewhere are […] The post Vaccine makers pressed by.
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Oil and gas investors call for tougher methane emissions curbs
Oil and gas investors call for tougher methane emissions curbs
Air pollution rises from cooling towers at a lignite fired power plant in Germany.
Institutional investors with a collective $5.35 trillion in assets are calling on the Biden administration to get tougher about methane emissions as it seeks to address climate change.
On his first day in office, President Joe Biden ordered the Environmental Protection Agency to come up with new performance standards and emissions guidelines for oil and gas industry emissions by September, but the investors are pushing for mandatory regulations and strong enforcement to ensure compliance and to protect shareholder value.
Investors call out companies over human rights risks
Bloomberg
Riot police stand guard in front of a store following a protest for democracy and human rights in Hong Kong in 2019.
A group of institutional investors with a collective $5.8 trillion in assets is pressing companies to do better when it comes to human rights.
Members of the Investor Alliance for Human Rights, an initiative of the Interfaith Center on Corporate Responsibility, include asset management firms, public pension funds, trade union funds, faith-based institutions, family funds and endowments.
Alliance members sent a statement to 106 companies that scored zero on human rights due diligence indicators in the 2020 Corporate Human Rights Benchmark Report, which assesses human rights disclosures of 230 global companies across five sectors identified as presenting a high risk of negative human rights impacts: agricultural products; apparel; extractives such as mining, oil and gas; information and communications te
Reply
Groups urge Denny’s to withdraw from the national restaurant association, stop lobbying against minimum wage increases for workers (Image Credit (Nick Youngson/thebluediamongallery.com/CC BY-SA 3.0))
Investors Warn Denny s Could Be Acting Against Shareholder Interests by Funding the National Restaurant Association s Opposition to the Raise the Wage Act
WASHINGTON, DC Investors from As You Sow, Adasina Social Capital, Robert F. Kennedy Human Rights, and the Interfaith Center on Corporate Responsibility, shared a new letter sent to Denny s CEO John Miller challenging the company for telling one story in private to investors about the successful growth it has experienced in California, which requires a $15 minimum wage and has eliminated the subminimum wage for tipped workers, while participating in lobbying against these very policies as part of the National Restaurant Association. Specifically, the groups point to the National Restaurant Association s lobbying effort agai