Broadridge and Third Economy Launch ESG Advisory Service
To better help companies and investors enhance their environmental, social and governance (ESG) programs, Broadridge Financial Solutions Inc. and Third Economy have launched an ESG advisory service.
The new service is said to help corporate issuers and asset managers improve sustainability strategies while effectively positioning their ESG programs with stakeholders.
“Companies are making corporate responsibility initiatives part of their business strategy as more retail and institutional investors raise ESG concerns and seek the long-term performance advantages and benefits of ESG-focused businesses,” says Dorothy Flynn, president of corporate issuer solutions at Broadridge. “Investors and other stakeholders are increasingly looking at ESG disclosures as a fundamental expectation, driving the need for additional connectivity between companies, investors and other stakeholders.”
BMO Financial Group joins the Partnership for Carbon Accounting Financials
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Ranked most sustainable bank in North America by the Wall Street Journal, the Dow Jones Sustainability Index and Corporate Knights, BMO is committed to measuring and disclosing the GHG emissions of its portfolio
TORONTO, Jan. 29, 2021 /PRNewswire/ - BMO Financial Group (TSX: BMO) (NYSE: BMO) today announced it has joined the Partnership for Carbon Accounting Financials (PCAF).
PCAF is a global partnership of financial institutions that work together to develop and implement a harmonized approach to assess and disclose the greenhouse gas (GHG) emissions associated with their loans and investments. In November 2020, PCAF published the Global GHG Accounting and Reporting Standard for the Financial Industry. With more than 95 banks and investors from five continents, the industry-led initiative is rapidly expanding in North America, Latin America, Euro
Jan 29, 2021
Over the course of five days, world business and political leaders during the World Economic Forum’s Davos Agenda engaged in a deep - and virtual - dive into an economy in crisis, soaring unemployment and debt levels, growing income inequality and climate change.
Given that daunting set of problems, was the prevailing mood one of resolve or despair? Judging from Deloitte’s annual resilience report, it could be the latter or at least a whole lot of worry.
Worry takes center stage at Davos
In a survey of 2,260 private- and public-sector leaders in 21 countries, Deloitte found that most global business leaders still do not feel confident leading through disruption, and even more believe their organizations are ill-prepared to pivot and adapt.
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In his 2020 annual letter to CEOs, Laurence Fink, CEO and Chair of BlackRock, the world’s largest asset manager, announced a number of initiatives designed to put “sustainability at the center of [BlackRock’s] investment approach.” According to Fink’s letter, “[c]limate change has become a defining factor in companies’ long-term prospects.” What’s more, he made it clear that companies needed to step up their games when it came to sustainability disclosure. (See this PubCo post.) At the Northwestern Law Securities Regulation Institute this week, former SEC Chair Mary Schapiro said that, at companies where she was on the board, Fink’s statement had “an enormous impact last year.” Fink has just released his 2021 letter to CEOs, in which he asks companies to disclose a “plan for how their business model will be compatible with a net zero economy.” Will this year’s letter have the same impact?
Date
29/01/2021
To better help companies and investors enhance their Environmental, Social and Governance (ESG) programs, Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, and Third Economy, a leader in sustainable investment research and advisory services, have launched an ESG Advisory Service. This new service, leveraging proprietary data, will help corporate issuers and asset managers improve sustainability strategies while effectively positioning their ESG programs with stakeholders.
“Companies are making corporate responsibility initiatives part of their business strategy as more retail and institutional investors raise ESG concerns and seek the long-term performance advantages and benefits of ESG-focused businesses,” said Dorothy Flynn, President of Corporate Issuer Solutions at Broadridge. “Investors and other stakeholders are increasingly looking at ESG disclosures as a fundamental expectation, driving the need for additional connec