- A subset of long-term shareholders concerned about the impact of corporate behavior on the environment and society have used shareholder proposals to spark productive engagements with public companies for years.
- CEOs of Ben & Jerry’s, Danone, Sundial Brands, and 30 other certified “B Corps” called in a full-page ad in The New York Times for Business Roundtable CEOS to “work together to make real change happen.”
- Increasing accountability to employees, customers, suppliers and communities shouldn’t mean decreased accountability to shareholders. Especially when some shareholders are the ones who have been arguing on behalf of the interests of those other stakeholders.
- The statement from nearly 200 CEOs redefining ‘corporate purpose’ to include customers, workers, communities and suppliers, along with shareholders, catches them up with business leaders, not to mention impact investors. Put another way, the Business Roundtable is a lagging, not leading, indicator.
- As the world’s largest asset manager, with a $6.5 trillion portfolio, BlackRock “has the power to lead globally to address climate risk, yet to-date it remains a laggard,” says Tim Buckley of IEEFA.
- The deal is Moody’s second recent acquisition focusing on sustainability data amid growing investor demand for transparency and more sustainable investing products.
Schiemann, a longtime GE executive, faced a classic “innovator’s dilemma” in nurturing GE Solar within the corporate giant since 2012.