The ESG Mirage
Posted May 7, 2021
If you’ve paid any attention to financial news, you’ve probably heard that a new trend has been sweeping the markets. It’s called ESG investing and it’s allegedly going to change the world.
ESG is just an acronym for “environmental, social, and governance.” And it involves investing in companies doing good things for the world around them.
Those companies might be tackling climate change with alternative energy solutions. Or they might be making a positive impact in the communities around them by providing job training or subsidized transportation.
They could even just have strong shareholder rights, reasonable executive compensation packages, and strong internal controls (the governance side of things).
Press release content from Business Wire. The AP news staff was not involved in its creation.
Oshkosh Corporation showcases commitment to sustainability with fiscal year 2020 Sustainability Report
May 7, 2021 GMT
OSHKOSH, Wis. (BUSINESS WIRE) May 7, 2021
Oshkosh Corporation (NYSE: OSK), a leading innovator of mission-critical vehicles and essential equipment, today released its eighth annual Sustainability Report. The report reinforces the Company’s continued focus on the future and commitment to lead business in a socially responsible way.
Oshkosh Corporation’s sustainability strategy is guided by the four core areas of empowering our people, developing innovative products, building communities and operating sustainably. Throughout 2020, the Company made positive strides in all areas. This includes the launch of DaVinci, JLG’s all-electric scissor lift, which is powered by a single lithium-ion battery and decreases power-consumption by 70%, as well as being part of the C
Voya encourages Congress to pass new legislation to ensure all Americans have necessary resources for successful retirement
Voya data finds majority of American workers agree the government should. | May 5, 2021
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HARTSVILLE, S.C., May 03, 2021 (GLOBE NEWSWIRE) Sonoco (NYSE: SON), one of the largest global diversified packaging companies, today announced it is increasing prices for all rigid paper containers and closures sold in North America by 9.5 percent, effective with shipments on, and after, June 3 , 2021.
According to Ernest Haynes, Division Vice President and General Manager, Rigid Paper and Closures, North America, this price increase is necessary to recover rapidly rising costs for key raw materials used to produce rigid paper containers and closures.
“Due to the rising inflationary cost of adhesives, laminate structures, recovered paper and steel, we are experiencing input cost pressures that simply cannot be absorbed,” Haynes said. “These inflationary cost increases have been compounded by the after-effects of Winter Storm Uri on the adhesives industry along with incredible demand in the steel marketplace. While we have taken extraordinary measures to pro
Clorox Reports Q3 Fiscal Year 2021 Results, Updates Fiscal Year Outlook
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OAKLAND, Calif., April 30, 2021 /PRNewswire/ In its fiscal third quarter ending March 31, 2021, The Clorox Company (NYSE: CLX) reported flat sales and diluted net loss per share (diluted EPS) of 49 cents, a 126% decrease compared to the year-ago quarter.
GAAP earnings per share reflect a pre-tax noncash impairment charge of $329 million (or $2.11 diluted EPS). The impairment charge is the result of an adjustment to the carrying values of goodwill, trademarks and other assets in the Better Health Vitamins, Minerals and Supplements (VMS) business. On an adjusted basis, Clorox delivered diluted net earnings per share (adjusted EPS