Responsible Investment News

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Shareholder Value Is No Longer Everything, Top C.E.O.s Say

New York Times By David Gelles and David Yaffe-Bellany Aug 19 2019
Chief executives from the Business Roundtable, including the leaders of Apple and JPMorgan Chase, argued that companies must also invest in employees and deliver value to customers.

Facebook Investors Vote for Change at Top. But They Can’t Win

Bloomberg By Kurt Wagner 4 June 2019
Facebook Inc. Chief Executive Mark Zuckerberg has himself to thank for the fact he’s still chairman of the company’s board.

Results from the Facebook’s annual shareholder meeting last week show that many of the investor proposals intended to limit Zuckerberg’s power over the company he co-founded would have passed -- if not for Zuckerberg’s voting power.

Apart from Zuckerberg’s nearly 4 billion votes, which give him control of the company, investors overwhelmingly supported proposed changes to Facebook’s corporate structure, according to a regulatory filing.

Comment: How investors can avoid a Johnson & Johnson-style schadenfreude

NZ Herald John Berry, Pathfinder
Responsible investors can be forgiven for experiencing more than a little schadenfreude over Johnson & Johnson's tumble on US markets before Christmas.

The US healthcare giant saw more than $54 billion wiped from its sharemarket value in a single day following reports that it knew batches of its iconic baby powder were contaminated with asbestos, a known carcinogen. And since then the rout has continued.

But for responsible investors, those that consider a company's environmental, social and governance (ESG) performance alongside traditional financial measures such as revenue growth, profit, loss and balance sheet strength, the reports contained nothing new.

Facebook Turns Toxic for Some ESG Funds

Bloomberg Briefs By Emily Chasan
Just how toxic is the data-privacy scandal for Facebook? So toxic that some investment funds now are lumping in the social network with big polluters and other corporations they consider ethically challenged.

Barry Coates: 'The government needs to step up and take action'

Audio (9' 22") RNZ 20 Nov 2016
Green MP Barry Coates was a winner at this year's Sustainable Business Awards. He tells Wallace Chapman that sustainability is dramatically changing the nature of the New Zealand business sector, but ...

Patagonia: The "dirtbag" way of business

"We believe the solution to consumerism, is to consume less, but consume better. We tell our customers to buy something that will last forever and to simplify their lives." During the deep recession, Patagonia's business grew 8 to 9% and founder Yvon Chouinard believes their approach is evidence of a new economy taking hold.

10 global sustainability megatrends.

Last year saw the adoption of two major global agreements on sustainability. There can a long way between political agreement and practical change, but there’s a feeling that momentum is building. Here are the key sustainability trends to watch for.

Straight or Gay? Your Boss Wants to Know, But Don't Worry

Are you gay? The question isn’t taboo in the workplace anymore, for better or worse.

Facebook to Pay Millions of Pounds More in U.K. Tax

Facebook Inc. will stop routing advertising sales of its largest U.K. clients through Ireland, increasing its British tax bill by millions of pounds in a bid to improve transparency after facing criticism on tax avoidance.

Employers' Single Biggest Emissions Problem: Your Commute

Companies don't always think about the emissions created by their employees traveling to work, says Ann Fandozzi, a former auto executive who is CEO of employee carpooling app Ride. The recently-launched app has investments from a TPG Capital fund and has partnered with U2 frontman Bono. She spoke with Bloomberg Brief Sustainable Finance Editor Emily Chasan about how encouraging carpooling among employees can affect emissions, congestion, and even employee productivity. Comments have been edited and condensed.

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