Section: August 31, 2023 | Vol. 28, Issue 32
In an August 28 letter, CII praised the SEC for some of its recent rulemakings and made recommendations on what the agency should prioritize in its semiannual regulatory agenda.
CII on August 30 responded to a solicitation for input from the International Sustainability Standards Board (ISSB), urging the standard setter to pursue projects with significant relevance to investors, who increasingly seek reliable information on how nonfinancial metrics impact business and profitability.
A week after BlackRock disclosed that it supported fewer than 7% of the shareholder proposals on environmental and social issues that it voted on globally in the year to June 30, Vanguard reported that this proxy season it supported just 2% of those types of proposals.
CalSTRS expressed its displeasure for what it viewed as companies’ inadequate climate risk disclosures by voting against the boards of directors at a record 2,035 global companies this year.
In the past five years, management and boards have begun providing investors with substantially more information about how they are overseeing potential cybersecurity threats, finds a new study by the EY Center for Board Matters.