Category Archives: Scrapbook

[cutting] Third of signatories to UN Principles for Responsible Investment employ no ESG experts | E3G

 …A further 20% employ only one such expert [in environmental, social and governance matters]. This means that over 500 of these world leading investment companies, managing $6.9 trillion in assets, employ one or fewer experts in responsible investment.


[cutting] PME to link 10% of assets to UN sustainability targets | IPE

The €45bn Dutch metal industry scheme PME said it will improve its ESG policy by linking 10% of its assets directly to United Nations sustainability targets over the next five years.


[cutting] PRI launches proxy voting declaration system | PRI

The Principles for Responsible Investment is pleased to announce the launch of its proxy vote declaration system. This is a voluntary opportunity for investors to publicly declare how they intend to vote on shareholder resolutions around environmental, social and corporate governance issues filed or co-filed by PRI signatories in advance of the upcoming 2017 proxy season.


[summary] Tackling antibiotic risk in restaurants, first year update | FAIRR, ShareAction

  • Since it began in March last march the $1 trillion group of investors engaging on this issue has doubled in size to to $2 trillion
  • 70% of companies now have either a comprehensive or partial policy to prohibit antibiotic use in poultry, up from 50% in March 2016
  • 80% of companies report they are now actively engaging with suppliers to monitor antibiotic use
  • Yum! Brands is the only company that ignored a request for further information
  • None of the companies surveyed have developed fully comprehensive, publicly available antibiotics policies to cover their entire livestock supply chain

Notable examples

  • McDonald’s USA has committed to eliminate the use of antibiotics important to human medicine in its chicken supply
  • London-listed company The Restaurant Group has committed to, ”Phasing out the routine, purely preventative use of antibiotics in groups of entirely healthy animals.”

Wider recognition of the issue

  • The European Medicines Agency (EMA) and European Food Safety Authority (EFSA) issued a joint statement last year saying, “Reducing the use of antimicrobials in food-producing animals, replacing them where possible and re-thinking the livestock production system is essential for the future of animal and public health”. ■


[cutting] In challenge to Trump, 17 Republicans in congress join fight against global warming | Reuters

Seventeen congressional Republicans signed a resolution on Wednesday vowing to seek “economically viable” ways to stave off global warming, challenging the stated views of President Donald Trump, who has called climate change a hoax.


[cutting] Aviva-backed benchmark ranks companies on human rights | Financial News

Costco, the US retail group, and the copper miner Grupo Mexico have been named the worst laggards on human rights standards in a new ranking from Aviva Investors of firms on their respect for humanitarian ideals.


[cutting] Scottish councils slammed for investing £1.7bn into climate-wrecking pension funds | Common Space

According to the report 4.8 per cent of the Scottish local government pension scheme is invested in fossil fuels with £543m being directly connected to oil and gas and £113m to coal.


[cutting] UK managers dominate responsible investment rankings | IPE

Schroders, Aviva Investors, and Standard Life Investments ranked 1, 3, and 5 respectively in ShareAction’s analysis of 40 major European asset managers. French groups also performed strongly, with Amundi, Natixis, and AXA all in the top ten.


[cutting] Parliament backs shareholders’ say on directors’ pay | Euractiv

By 646 votes to 39, with 13 abstentions, lawmakers approved the agreement reached with the Council during the three-way talks last December. Once the legislation enters into force, shareholders will be able to tie big bosses’ pay more closely to the company’s performance and long-term interests.


[cutting] Starbucks quenches Japanese thirst for SRI bonds | Business Insider

Starbucks says the bonds “will focus on enhancing its sustainability programmes around coffee supply chain management”. Some of the proceeds, for instance, will be used to purchase coffee from sustainable plantations.