Harvard Corporate Governance

OCTOBER 22, 2023

Bebchuk and Roberto Tallarita; Stakeholder Capitalism in the Time of COVID (discussed on the Forum here ) both by Lucian Bebchuk, Kobi Kastiel, Roberto Tallarita; Restoration: The Role Stakeholder Governance Must Play in Recreating a Fair and Sustainable American Economy—A Reply to Professor Rock (discussed on the Forum here ) by Leo E.

214

214

Harvard Corporate Governance

APRIL 2, 2023

In light of this, there is a much greater need for asset managers to scrutinize corporate lobbying practices and political spending as part of their role as stewards of investors’ capital. There is broad recognition of this need with regard to climate change and companies’ net-zero strategy. more…)

267

267

Harvard Corporate Governance

MARCH 26, 2023

Given the proposed SEC rule on climate risk disclosure, reporting could transition quickly from voluntary to required. In anticipation, companies should get prepared to formally disclose, and ultimately obtain assurance on, their impact on climate as part of their 10-K financial filings. more…)

361

361

Harvard Corporate Governance

OCTOBER 21, 2023

TNFD looks to raise natural capital on par with climate in organizations’ disclosure of sustainability-related impacts, dependencies, risks, and opportunities. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A. Strine, Jr.

Beta 206

Beta Marketability 206

Harvard Corporate Governance

JUNE 20, 2023

Halem is the Director of the Climate Center at Lazard Freres & Co. With growing public attention to the risks posed by a changing climate, investors have increasingly scrutinized corporations about the environmental impact of their operations. We observe several patterns around climate communication. Posted by Zachery M.

Finance 207

Finance Equity Marketability 207

Harvard Corporate Governance

FEBRUARY 5, 2024

On January 21, Exxon Mobil Corporation initiated litigation against two activist investors, asking a Texas federal court to declare that Exxon may properly exclude the activists’ climate-related shareholder proposal from the company’s 2024 proxy statement.

Marketability 218

Marketability 218

Harvard Corporate Governance

FEBRUARY 12, 2024

The profound shifts in climate patterns and the escalating severity of natural disasters, such as wildfires and flooding, constitute an increasingly pressing threat to both human well-being and the global economy. This post is based on a working paper by Iftekhar Hasan , Haekwon Lee , Professor Qiu, and Anthony Saunders. more…)

Finance 117

Finance 117

Harvard Corporate Governance

JUNE 19, 2023

The SEC’s climate change disclosure rules are in double constitutional trouble. The SEC’s climate change disclosure rules are in double constitutional trouble. Furthermore, “certain climate-related financial metrics” must be provided in audited financial statements if the rule is finalized as proposed. Strine, Jr.

250

250

Harvard Corporate Governance

MAY 30, 2022

Given heightened concerns about what has been described as ”the climate emergency,” transparency about where actors stand on climate issues is crucial. Shareholder proposals requesting disclosure of emissions reductions goals remained one of the top climate-related proposals in 2021. Key Takeaways. Introduction.

Finance 299

Finance Marketability Technology 299

Harvard Corporate Governance

AUGUST 19, 2022

Climate Disclosures: Not Quite as Easy as (Scope) 1-2-3. BlackRock Response to the Exposure Draft Climate-Related Disclosures Issued by ISSB. BlackRock Supports Consistent Climate-Related Disclosures; Urges Global Coordination. Posted by Lindsey Stewart, Morningstar, Inc., on Friday, August 12, 2022. On Index Investing.

Dividends 213

Dividends Equity Marketability 213

Harvard Corporate Governance

MARCH 8, 2024

Securities and Exchange Commission, on Thursday, March 7, 2024 Tags: carbon emissions , Climate Risk Disclosure , disclosure requirements , Mandatory Disclosure , SEC Statement by Commissioner Peirce on Final Rules Regarding Mandatory Climate Risk Disclosures Posted by Hester M. Crenshaw, U.S.

Banking 100

Banking 100

Harvard Corporate Governance

AUGUST 12, 2022

climate policy as the SEC invited comments on its proposed rule for corporate disclosures of climate-related information. asset managers, including Vanguard, BlackRock, Fidelity Investments, Capital Group, State Street Global Advisors, T. Asset managers recently had a key opportunity to influence U.S. Key Takeaways.

200

200

Harvard Corporate Governance

JUNE 24, 2022

Posted by Jessica Ground, Capital Group, on Friday, June 17, 2022. New Climate-Related Financial Disclosures for Private Companies and LLPs. Posted by Kavya Vaghul and Ashley Marchand Orme, JUST Capital, on Monday, June 20, 2022. The SEC’s Authority to Pursue Climate-Related Disclosure. ESG Global Study 2022.

Equity 206

Equity Marketability 206

Harvard Corporate Governance

APRIL 2, 2024

ESG (Environmental Social Governance) is in the crosshairs of a conservative campaign against “woke capitalism”. For example, the SEC’s new climate-related disclosure rule has been substantially watered down from its initial draft two years ago. Attacks on the legitimacy and practical possibility of ESG are starting to bear fruit.

124

124

Harvard Corporate Governance

MAY 1, 2023

For the last two years, a growing number of companies have held votes asking investors to approve their climate transition strategies. Often referred to as Say on Climate , the trend has taken very different paths across different global markets. United States The most stark example of investor skepticism is in the United States.

Marketability 220

Marketability 220

Harvard Corporate Governance

FEBRUARY 22, 2024

Bebchuk and Roberto Tallarita; For Whom Corporate Leaders Bargain (discussed on the Forum here ) and Stakeholder Capitalism in the Time of COVID (discussed on the Forum here ) both by Lucian A. Mandatory climate disclosure for U.S. Mandatory climate disclosure for U.S. Strine, Jr. companies is here. companies is here.

117

117

Harvard Corporate Governance

FEBRUARY 4, 2023

We engaged on key ESG issues such as climate change, community relations and human capital management. During the past year our established relationships with issuers in developed and emerging markets enabled us to have meaningful engagements with a number of management teams.

Marketability 334

Marketability 334

Harvard Corporate Governance

JULY 13, 2022

Chamber of Commerce, on Wednesday, July 13, 2022 Editor's Note: Tom Quaadman is Executive Vice President and Evan Williams is Director of the Center for Capital Markets Competitiveness, both at the U.S. Securities and Exchange Commission regarding the Proposed SEC Climate Disclosure Rule. Chamber of Commerce. Strine, Jr.

Marketability 189

Marketability 189

Harvard Corporate Governance

JUNE 23, 2023

Sternheim, Fried, Frank, Harris, Shriver & Jacobson LLP, on Sunday, June 18, 2023 Tags: Disclosure , Section 11 , Securities Act , Shareholder litigation , stock purchases , Supreme Court The SEC’s Climate Change Disclosure Rules are in Double Constitutional Trouble Posted by Donald J. Mac Cormac (Morrison Foerster LLP), Michael P.

Alpha 234

Alpha 234

Harvard Corporate Governance

DECEMBER 12, 2022

In July 2021, Ceres issued a groundbreaking report to assess climate policy lobbying among America’s largest companies. Half of the S&P 100 companies we analyzed advocated for climate policies over the past three years that align with the Paris Agreement. Introduction. more…).

177

177

Harvard Corporate Governance

APRIL 9, 2023

Activist investors, environmental groups and others have challenged companies to do more to combat climate change. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

356

356

Harvard Corporate Governance

AUGUST 3, 2023

Nowadays, investors hold individual directors accountable for new and emerging issues, such as board diversity and climate change, which have gained significant attention compared to the past. Similarly, in 2022, CalPers voted against 95 directors at 26 companies due to climate-related concerns. more…)

Finance 189

Finance Marketability 189

Harvard Corporate Governance

SEPTEMBER 6, 2022

Gibson Dunn has surveyed the comment letters submitted by public and private energy companies and related industry associations regarding the proposed rules by the Securities and Exchange Commission (the “SEC” or “Commission”) on climate change disclosure requirements for U.S.

Marketability 211

Marketability 211

Harvard Corporate Governance

SEPTEMBER 14, 2022

Bebchuk and Roberto Tallarita; For Whom Corporate Leaders Bargain (discussed on the Forum here ) and Stakeholder Capitalism in the Time of COVID (discussed on the Forum here ), both by Lucian A. On March 21, 2022, the SEC issued proposed rule , The Enhancement and Standardization of Climate-Related Disclosures for Investors.

Compliance 177

Compliance 177

Harvard Corporate Governance

APRIL 30, 2022

(discussed on the Forum here ); Stakeholder Capitalism in the Time of COVID by Lucian Bebchuk, Kobi Kastiel and Roberto Tallarita (discussed on the Forum here ); Corporate Purpose and Corporate Competition by Mark Roe (discussed on the Forum here ).

Corporate Finance 271

Corporate Finance Compliance Finance Marketability 271

Harvard Corporate Governance

MARCH 26, 2022

Bebchuk and Roberto Tallarita; and For Whom Corporate Leaders Bargain (discussed on the Forum here ) and Stakeholder Capitalism in the Time of COVID , both by Lucian Bebchuk, Kobi Kastiel, and Roberto Tallarita (discussed on the Forum here ). A version of this is playing out right now with climate change commitments in the capital markets.

Marketability 207

Marketability 207

Harvard Corporate Governance

JULY 5, 2022

This post is based on a comment letter submitted to the SEC regarding the Proposed SEC Climate Disclosure Rule by Senator Brian Schatz, Senator Sheldon Whitehouse, Senator Elizabeth Warren, Senator Sherrod Brown, Senator Martin Heinrich, Senator Alex Padilla, Senator Tammy Baldwin, and Senator Jeffrey A. Strine, Jr.

205

205

Harvard Corporate Governance

AUGUST 22, 2022

Securities and Exchange Commission regarding the Proposed SEC Climate Disclosure Rule. This post is based on a comment letter submitted to the SEC regarding the Proposed SEC Climate Disclosure Rule by Professor Rajgopal. I write in support of your proposed climate risk disclosures. Let us start with the costs.

Compliance 188

Compliance Market Capitalization Marketability 188

Harvard Corporate Governance

JUNE 1, 2022

(discussed on the Forum here ); and Stakeholder Capitalism in the Time of COVID , by Lucian Bebchuk, Kobi Kastiel, and Roberto Tallarita (discussed on the Forum here ). Ultimately the District Court of The Hague ordered Shell to enact a new policy to address climate change. more…).

259

259

Harvard Corporate Governance

OCTOBER 21, 2022

Venture Capital Advisers Not Off-Limits for SEC Scrutiny. Remark by Commissioner Uyeda to the Small Business Capital Formation Advisory Committee. 2025 climate action plan – Driving portfolio companies towards net zero 2050. 2025 climate action plan – Driving portfolio companies towards net zero 2050. Posted by Matthew E.

Capital Structure 199

Capital Structure Equity Compliance Banking 199

Harvard Corporate Governance

AUGUST 10, 2023

Bebchuk and Roberto Tallarita ; Stakeholder Capitalism in the Time of COVID (discussed on the Forum here ) by Lucian Bebchuk, Kobi Kastiel, Roberto Tallarita; and Restoration: The Role Stakeholder Governance Must Play in Recreating a Fair and Sustainable American Economy—A Reply to Professor Rock (discussed on the Forum here ) by Leo E.

189

189

Harvard Corporate Governance

JULY 24, 2022

This post is based on a comment letter submitted to the SEC regarding the Proposed SEC Climate Disclosure Rule by Norges Bank Investment Management, authored by Ms. Climate change may give rise to transition and physical risks, as well as opportunities for companies. Ihenacho; Ms. more…).

Banking 214

Banking Compliance Equity Marketability 214

Harvard Corporate Governance

JUNE 19, 2022

(discussed on the Forum here ); and Stakeholder Capitalism in the Time of COVID , by Lucian A. Bebchuk, Kobi Kastiel, and Roberto Tallarita (discussed on the Forum here ).

214

214

Harvard Corporate Governance

DECEMBER 5, 2023

Bebchuk, Kobi Kastiel, and Anna Toniolo; and Restoration: The Role Stakeholder Governance Must Play in Recreating a Fair and Sustainable American Economy – A Reply to Professor Rock (discussed on the Forum here ) by Leo E. Strine, Jr.

136

136

Harvard Corporate Governance

JULY 7, 2023

Bebchuk and Roberto Tallarita ; Stakeholder Capitalism in the Time of COVID (discussed on the Forum here ) by Lucian Bebchuk, Kobi Kastiel, Roberto Tallarita; and Restoration: The Role Stakeholder Governance Must Play in Recreating a Fair and Sustainable American Economy—A Reply to Professor Rock (discussed on the Forum here ) by Leo E.

220

220

Harvard Corporate Governance

JULY 8, 2022

The Proposed SEC Climate Disclosure Rule: A Comment from Former SEC Chairmen and Commissioners. What the Volume and Diversity of Comment Letters to the SEC Say About its Climate Proposal. The Proposed SEC Climate Disclosure Rule: A Comment from Eight U.S. Posted by Harvey L. Posted by Lawrence A. Posted by Lawrence A.

Capital Structure 198

Capital Structure Finance 198

Harvard Corporate Governance

JUNE 30, 2022

Corporate boards are experiencing the impact of climate change on multiple fronts. Studies have repeatedly shown that companies that take climate change risks seriously report better financial results and post stronger stock market performance than their peers that do not. Roe (discussed on the Forum here ). more…).

Technology 225

Technology Marketability 225