Posts by lucidcapitalism
Exxon Mobil May be Big Oil’s Canary in the Coal Mine
(Bloomberg) Exxon Mobil Corp.’s recent board of directors shakeup is by most accounts a clear signal to corporate America that ambivalence and greenwashing will no longer be enough when it comes to addressing the climate crisis.
Read MoreEx-Goldman’s Kathy Matsui Starts ESG Venture Capital Fund
(Bloomberg) MPower Partners Fund will focus on investing in growth- to late-stage Japanese startups, with the rest going into earlier-stage firms overseas in areas like healthcare, fintech and sustainability.
Read MoreA Glimpse of a Future With True Shareholder Democracy
(The New York Times) Under current rules, it is the index fund executives, not the millions of people who invest in them, who have the power to cast proxy votes. Those votes are the heart of a system intended to give investors a voice on crucial matters like how much the chief executive is paid…
Read MoreTurn green or lose ‘licence to operate’, says Deutsche Bank chief
(Financial Times) Facing pressure from investors and activists, Deutsche Bank for the first time broke down its targets across its businesses. The investment bank will have to account for €105bn of the green business; the private bank will be required to contribute €86bn and the corporate bank €30bn.
Read MoreHow Investors Can Embrace the “S” in ESG
(RFK Human Rights) Data on companies’ social metrics may still be incomplete, but that shouldn’t prevent investors from screening businesses for labor and human rights violations. The key is to not let the perfect be the enemy of the good.
Read MoreDear Exxon Mobil: I See a Bad Moon Rising (For You)
(Forbes) I am certainly no soothsayer, but I see trouble on the way for ExxonMobil’s board and management. Ladies and gentlemen, I hope you got your things together since there’s a bad moon on the rise.
Read MoreBLCK VC Launches Scout Program With Lightspeed, Sequoia To Support More Black Investors
(Forbes) For all the high-speed growth and innovation that venture capital is supposed to fuel, the industry itself isn’t structured for quick change. BLCK VC co-founder Sydney Sykes knows it first-hand. Since last summer, firms have reached out to Sykes for advice on changes they can make fast.
Read MoreBarclay’s Derailed Prison Bond Deal Shows Growing Might of ESG
(Bloomberg) A small group of investors circulated a letter lambasting Barclays Plc for helping to raise hundreds of millions of dollars to build two privately owned prisons in Alabama — two years after the bank publicly vowed to cut financing ties with the for-profit industry.
Read MoreStandards Smooth Path to Sustainability-Linked Financing
(ESG Investor) Jeff Cohen, Director of Capital Markets Integration at SASB, explains how issuers can use sustainability disclosures to expand their funding options.
Read MoreESG issues challenge the IPO of UK delivery giant
(Responsible Investor) Deliveroo: The worst IPO in history, with a side-order of ESG investor boycott. The Gig Economy is under scrutiny for legal and governance sustainability risks.
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