News & Analysis as of

Shareholders Sustainability Corporate Governance

Jaburg Wilk

Understanding Arizona Benefit Corporations: A New Era of Business with Purpose

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In today’s rapidly evolving business landscape, many companies are seeking ways to operate not just for profit, but also for a purpose. Arizona has embraced this movement through its recognition of Benefit Corporations, a...more

Alston & Bird

Sustainability Spotlight | Q4 2024

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Welcome to the latest edition of the Sustainability Spotlight, your place to keep up with all the ESG action – federal and state enforcement, shareholder proposals and litigation, and state attorney general actions. This...more

Walkers

Hong Kong Stock Exchange expands paperless regime: What you need to know from an offshore perspective

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HKSE-listed companies must update constitutional documents to allow for hybrid meetings and e-voting under new rules - Companies must implement necessary changes by their first annual general meeting following July 1, 2025...more

Latham & Watkins LLP

Corporate Governance in Italy: ESG Issues to Consider for the 2025 Assembly Season

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The Corporate Governance Code recommends that the board of directors promote, in the most appropriate forms, dialogue with shareholders and other stakeholders relevant to the company, thus tying the goal of "sustainable...more

Vinson & Elkins LLP

ESG in 2025: What to Expect in Trump 2.0

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With Trump’s impending inauguration, significant shifts in Environmental, Social, and Governance (ESG) policies domestically are expected, as is the overall cultural and corporate mood for ESG. Companies can anticipate a...more

Cooley LLP

The ‘ESG’ Acronym Is Less Popular – Does It Matter?

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It’s clear that over the past few years, investors have tweaked their voting policies to tone down use of the term “ESG.” And it’s also clear that more and more companies are changing the title of their reports relating to...more

Cooley LLP

BlackRock Updates Voting Policies and Engagement Priorities

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Just before the holidays got going, BlackRock updated their voting policies and engagement priorities. Here’s a laundry list of those updated documents...more

Cooley LLP

Challenges in Meeting 2030 Climate Goals? What To Do Now

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I was talking to Cooley’s Beth Sasfai and Michael Mencher about the challenges many companies are facing with ambitious climate goals that no longer seem realistic. Here’s what Beth and Michael told me (also see them in this...more

J.S. Held

Unmasking Greenwashing: Avoiding Potentially Deceptive Practices

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Introduction - In today's world, the spotlight on Environmental, Social, and Governance (ESG) practices is brighter than ever. Stakeholders, including investors, consumers, and even corporate employees, are demanding that...more

Vinson & Elkins LLP

V&E Quarterly Securities & ESG Updates - Fall 2024

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The first half of 2024 was eventful in the world of environmental, social and governance (“ESG”). Although ESG continued to lose the market tailwinds that have pushed it forward in recent years, regulatory pressures both...more

Hogan Lovells

ESG Market Alert - September 2024

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In our latest round-up of developments in ESG for UK clients, we cover the following topics: Shareholder activism continues FCA's green labelling rules – deadline for implementation delayed Environmentalists step on the gas:...more

Society of Corporate Compliance and Ethics...

Understanding the “G” in ESG: The critical role of compliance

Octavia Butler, a pioneering American writer, once wrote: “There is nothing new under the sun, but there are new suns.” Can this analogy also be applied to the concept of environmental, social, and governance (ESG)? While...more

Skadden, Arps, Slate, Meagher & Flom LLP

HKEx Moves Forward With Diversity, Climate and Sustainability Initiatives

In recent years, investors and other members of the public have been focused on environmental, social and governance (ESG) issues, and financial regulators globally having been taking initiatives to require companies to meet...more

A&O Shearman

Directors' Liabilities in Europe: a multi-jurisdiction survey on current set of rules and best practices

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Directors’ duties and liabilities have always been at the forefront of corporate governance. It has become a hot topic in the wake of new regulations in the field of sustainability, which directly impact directors’...more

Paul Hastings LLP

The Evolving Role of Boards of Directors Regarding Business and Human Rights

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Three years ago, as part of the EU’s initiative on sustainable governance, the European Commission released a lengthy study on directors’ duties. The study affirmed what many already understood: corporate decision makers face...more

Hanzo

The Upside of ESG: Why Strong Sustainability Programs Matter to Modern Enterprises

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ESG and sustainability are two concepts that have gained significant prominence recently. The World Bank Group’s International Finance Corporation defines ESG as a set of factors that companies and investors consider...more

J.S. Held

Crosscurrents: The Growing Impact and Future of the Chief Sustainability Officer

J.S. Held on

The famous quote by Mahatma Gandhi — “The world has enough for everyone's need, but not enough for everyone's greed” — aptly reflected business sentiments prevalent decades ago. At that time, the sole intention was to fulfil...more

Bradley Arant Boult Cummings LLP

Earth Day Series 2022: Environmental, Social & Governance Part 3 – Practical Steps to Develop or Refine an ESG Policy

On Friday, April 22, the United States and the rest of the world recognized Earth Day 2022. With “Invest in Our Planet” as its theme, Earth Day 2022 focused additional attention on Environmental, Social, and Governance (ESG)...more

Cozen O'Connor

Ceres Guidance for Engaging on Climate Risk Governance and Voting on Directors

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Ceres, a nonprofit organization focused on solving climate and sustainability challenges through coordinated action by capital market leaders, recently issued its 2022 Guidance for Engaging on Climate Risk Governance and...more

Wilson Sonsini Goodrich & Rosati

Converting to a Delaware Public Benefit Corporation: Lessons from Experience

The past two years have seen a dramatic shift in practice relating to the Delaware public benefit corporation (the PBC)—a corporate form that requires the board of directors to balance stockholders' monetary interests, the...more

Cooley LLP

Is stakeholder capitalism still capitalism?

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Emphatically yes, says the highly influential CEO of BlackRock, Larry Fink, in his latest annual letter to CEOs. BlackRock, according to the NYT, now manages $10 trillion in assets, so the company would be persuasive even if...more

White & Case LLP

A Win for Environmental and Social Shareholder Proponents? Corp Fin Issues SLB 14L, Rescinding Prior SLBs on Economic Relevance...

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On November 3, 2021, Corp Fin issued new guidance which signals a major shift in the SEC’s approach to no-action requests to exclude shareholder proposals relating to environmental and social ("E&S") matters. Previously, the...more

Allen Matkins

Study Throws Wet Blanket On Other Constituency Statutes

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An "other constituency statute" permit, but do not require, boards of directors to consider non-shareholder interests (such as the interests of employees, the environment, et cetera) when making decisions.  California and...more

White & Case LLP

Examining the ABC risks as the mining & metals sector gains critical momentum

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Key considerations around bribery and corruption risks, as the mining & metals sector is gaining critical momentum in the world's energy transition toward a low-carbon future. Mining & metals in a low-carbon world - The...more

White & Case LLP

The Rise of Stakeholder Capitalism

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Since at least the 1970s and the publication of Milton Friedman's "shareholder primacy" doctrine, throughout the hostile takeover business culture of the 1980s, and during the more recent linking of executive compensation to...more

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