Council of Institutional Investors

Section: November 17, 2022 | Vol. 27, Issue 43
2023 Promises to be a Key Year for Standardized Sustainability Disclosure

Next year is shaping up to be a pivotal one for the development of sustainability reporting requirements, said speakers on a November 15 webinar hosted by the Center for Audit Quality and several other organizations. (Registration required to receive email with link to recording.)
Banking Alliance Reports Progress on Intermediate Decarbonization Targets

The Net-Zero Banking Alliance just published its first report detailing more than 60 banks’ progress on intermediate 2030 decarbonization targets, and it finds that most of these financial institutions are focusing all of their initial efforts on the oil and gas sector.
Responding to Shareholder Proposal, Microsoft Publishes Assessment of Sexual Harassment Policies
In a detailed 50-page report published by Microsoft November 15, the company assesses the effectiveness of its sexual harassment and gender discrimination policies, and pledges to “begin annual public reporting …of… sexual harassment and gender discrimination policies, including the total number of reported sexual harassment concerns, percentage of those substantiated, and types of corrective actions taken.”
Constellation Brands Nixes Dual-Class Structure, Phases Out Controlling Family on Board

An amendment to Constellation Brands’ charter approved by its shareholders November 9 eliminates the company’s dual-class structure and puts in place a system that allows the controlling family to phase out its board control over the next five years.
Corporate Governance Survey Tracks Big Jump in Number of Women Board Chairs

Global law firm Shearman & Sterling’s 20th edition of its annual Corporate Governance & Executive Survey which examines the corporate governance and compensation practices of 100 of the largest U.S. public companies listed on the NYSE and Nasdaq, finds that the number of these companies with female board chairs more than doubled in the past year, jumping from six to 15.