UN-ESG

WEF Issues New Board Guidance on Complying with Human Rights

May 25, 2022

The World Economic Forum's Global Future Council on Human Rights has issued its Guidance Notes for Boards, explaining how they can use their position to uphold compliance with Human Rights.
Tesla Removed from S&P 500 ESG index

May 25, 2022

New Twitter owner, Elon Musk, has had his company Tesla removed from the S&P 500 ESG index, a key stock index that tracks sustainable and socially conscious companies, with S&P citing accusations of racial discrimination and poor working conditions.
Deloitte Global CEO uses WEF to Promote Purpose-Driven ESG Metrics Client Services

May 25, 2022

As the ESG trend shifts from reporting progress to embedding ESG metrics, Deloitte Global CEO uses the World Economic Forum (WEF) to promote purpose-driven ESG metrics stating that given the complexity of the issues in the world today, society is only going to get so far without their help to develop solutions.
Paolo Carozza named to Meta Oversight Board

May 23, 2022

University of Notre Dame professor of law and concurrent professor of political science, Paolo G. Carozza will join the 23 member Oversight Board for Meta, the parent company of various social media giants including Facebook as well as virtual reality platform Reality Labs, and will focus on addressing a variety of issues related to freedom of expression and human rights within the Metasphere.
Washington Times: Proponents of ESG see Business as a Type of Social Welfare Organization

May 18, 2022

As American businesses aim to be more socially responsible, supporters of Environment, Social, and Governance policies (ESG) are pushing businesses to contemplate the bigger picture in every move they make, treating business as another type of social welfare organization, with responsibilities and obligations to the world at large.
Stuttaford in NRO: ESG, Energy, and War

May 18, 2022

Andrew Stuttaford writing in National Review Online explains how Environmental, Social and Governance (ESG) policies are not producing the promised success citing BlackRock as an example.
Vinson & Elkins: First ESG Taskforce Lawsuit Shows SEC Serious on Disclosures

May 18, 2022

Vinson & Elkins attorneys warn that the SEC’s lawsuit against Vale S.A., a publicly traded mining company based in Rio de Janeiro, reveals that the SEC is considering all reporting and public statements, not just required filings, when determining if a company has misled its investors on environmental and social matters.
FCA to Require Companies to Disclose on Board and Executive Diversity

April 27, 2022

The Financial Conduct Authority (FCA) has announced that it has finalized rules for listed companies to disclose on diversity and inclusion at the board and executive committee level, beginning April 1, 2022 forcing companies to include a statement in their annual financial report if they have met diversity targets.
The ISSB: a game changer for ESG reporting?

April 20, 2022

FinancierWorldwide.com writes that as many companies continue to struggle with how to effectively report their environmental, social and governance (ESG) performance, the International Sustainability Standards Board (ISSB), introduced at the COP26 2021 meeting, may change the game for businesses, as the ISSB plans to work alongside existing reporting processes while giving consistant standards globally.
Halaschak: Investors Pushing Disney into Culture War, Woke, Inc.

April 11, 2022

Vivek Ramaswamy, The bestselling author of Woke, Inc., which makes the case that corporations should not involve themselves in politics , observes that the enormous money managers that have invested in Disney and other companies are calling some of the shots when it comes to corporate political positions as seen in Disney’s reaction to Florida’s recent education legislation.