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BlackRock voted against more company directors and backed more shareholder resolutions in the first quarter than a year earlier, as the world's biggest asset manager looks to push boards to do more... | May 5, 2021
EnergyClimate activists urge BlackRock, Vanguard to vote against Exxon directors Jennifer Hiller 4 minute read Darren Woods, Chairman & CEO of Exxon Mobil Corporation, attends a news conference at the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2017. REUTERS/Brendan McDermid Climate activists are prodding Exxon Mobil Corp's (XOM.N) top shareholders to vote against the reelection of two directors, a move that could boost a hedge fund's proxy fight to seat four candidates on the oil giant's board. Environmental group Sierra Club and other activists have bombarded BlackRock Inc (B...
Separately, 43 banks announced the formation of the Net-Zero Banking Alliance, which will work to align the industry with Paris targets. All participants will set to-be-determined emissions reductions targets for 2030 within 18 months of joining. In a statement to The Hill, Sierra Club Financial Advocacy Campaign Manager Ben Cushing said the banking alliance “reaffirms that the banking industry must align with the goals of the Paris Agreement and makes progress toward rigorous near-term targets and action this decade, not just vague promises for 2050.” ADVERTISEMENT However, Cushing added...
Many Climate Scientists Moving from Fieldwork to Jobs in Financial Services LONDON – Environmental scientist Laura Garcia Velez cut her teeth on projects to help Ethiopian farmers insure crops for drought and connect remote Colombian communities to the electricity grid before working for conservation campaigners WWF. Now she’s an analyst for Lombard Odier, charged with improving the $350 billion Swiss bank’s green credentials. “It’s really important that finance recruits from science,” said Velez, one of a growing number of campaigners and scientists who have switched to banking, ...
9 Min Read LONDON (Reuters) - Environmental scientist Laura Garcia Velez cut her teeth on projects to help Ethiopian farmers insure crops for drought and connect remote Colombian communities to the electricity grid before working for conservation campaigners WWF. Laura Garcia Velez poses for a photo in the Tigray region of Ethiopia in 2017, in this handout photo. Courtesy of Laura Garcia Velez/Handout via REUTERS Now she’s an analyst for Lombard Odier, charged with improving the $350 billion Swiss bank’s green credentials. “It’s really important that finance recruits from science,...