Remove environmental
article thumbnail

Public Environmental Enforcement and Private Lender Monitoring: Evidence from Environmental Covenants

Harvard Corporate Governance

Corporate environmental pollution is a classic economic problem characterized by negative externalities from corporate activities. Public regulatory enforcement has been the primary force in compelling firms to internalize the negative externalities of corporate environmental pollution.

Finance 187
article thumbnail

Environmental & Social Policy Issues in the 2024 U.S. Proxy Season

Harvard Corporate Governance

Introduction Proponents as of mid-Feburary 2024 had filed at least 527 shareholder resolutions on environmental, social and related sustainable governance issues for the 2024 proxy season. This post is based on her recent Si2 memorandum. This is down by only a few from 536 last year at the same time.

128
128
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Proxy Voting: Managers Focus on Environmental and Social Themes

Harvard Corporate Governance

Active ownership—also called “investment stewardship”—has taken on ever greater significance as environmental, social, and governance themes feature more prominently in investing. This has been prompted by the search for solutions to address systemic issues like climate change and rising inequality.

289
289
article thumbnail

ButcherJoseph Advises Environmental Restoration on a Sale to Its Employees

Butcher Joseph & Co.

ButcherJoseph Advises Environmental Restoration on a Sale to Its Employees. The post ButcherJoseph Advises Environmental Restoration on a Sale to Its Employees appeared first on ButcherJoseph & Co.

52
article thumbnail

Climate-Related Disclosure Commitment of the Lenders, Credit Rationing, and Borrower Environmental Performance

Harvard Corporate Governance

Recognizing the pivotal impact of industrial activities as significant contributors to climate change, an increasing number of countries are adopting mandatory environmental disclosure measures.

Finance 115
article thumbnail

Environmental Liabilities, Creditors, and Corporate Pollution: Evidence from the Apex Oil Ruling

Harvard Corporate Governance

The Environmental Protection Agency (EPA) shows that corporate pollution is the primary source of U.S. Extensive research examines how environmental regulations influence pollution and health. environmental regulations do not fully counteract the incentives created by such externalities.

article thumbnail

Testimony at the HFSC hearing: “Examining Environmental and Social Policy in Financial Regulation”

Harvard Corporate Governance

One of our values is that addressing environmental, social, and governance-related issues can and does lead to positive outcomes and adds long-term value to our investments. I am proud that the SBI pays out more than $5 billion a year in benefits to our members. In many cases, these benefits are the recipient’s most important financial asset.