Harvard Corporate Governance

JUNE 27, 2022

Bebchuk and Roberto Tallarita (discussed on the Forum here ); Companies Should Maximize Shareholder Welfare Not Market Value by Oliver Hart and Luigi Zingales (discussed on the Forum here ); Reconciling Fiduciary Duty and Social Conscience: The Law and Economics of ESG Investing by a Trustee by Max M. Schanzenbach and Robert H. Background.

Finance 306

Finance Marketability 306

Harvard Corporate Governance

MAY 26, 2022

This concern is real because advisers can mint money by calling their products and services “green” without doing anything special to justify that label. Only days ago, we settled an enforcement proceeding in which we alleged that an adviser said one thing about ESG and did another. [2] more…).

207

207

Harvard Corporate Governance

JUNE 6, 2022

Bebchuk and Roberto Tallarita (discussed on the Forum here ); Companies Should Maximize Shareholder Welfare Not Market Value by Oliver Hart and Luigi Zingales (discussed on the Forum here ); Reconciling Fiduciary Duty and Social Conscience: The Law and Economics of ESG Investing by a Trustee by Max M. Schanzenbach and Robert H.

Private Equity Firm 207

Private Equity Firm Equity Marketability 207

Harvard Corporate Governance

FEBRUARY 18, 2023

Posted by Lewis Davison, Fiona McNally and Charlotte North, BNY Mellon, on Saturday, February 18, 2023 Editor's Note: Lewis Davison is a Senior Product Manager, Fiona McNally and Charlotte North are Directors at BNY Mellon. and UK ESG regulation, which is at an earlier stage than the EU; the U.S. The paper also briefly outlines U.S.

Compliance 274

Compliance Marketability 274

Harvard Corporate Governance

MAY 26, 2022

Today [May 25, 2022], the Commission is considering a proposal to improve disclosures by certain investment advisers and funds that purport to take Environmental, Social, and Governance (ESG) factors into consideration when making investing decisions. What does “fat-free” mean? Funds often disclose objective metrics as well.

Marketability 206

Marketability 206

Harvard Corporate Governance

AUGUST 17, 2022

Posted by Nina Wilson, Edelman, on Wednesday, August 17, 2022 Editor's Note: Nina Wilson is Vice President of Edelman ESG Advisory. Securities and Exchange Commission (SEC) proposed new disclosure and naming requirements for funds that consider environmental, social and governance (ESG) factors in their investment decisions.

Banking 250

Banking Marketability 250

Harvard Corporate Governance

APRIL 25, 2022

The massive flow of assets into ESG-focused funds reflects the intense and growing demand for investment products that enable investors to put their values into action while pursuing strong financial returns in their portfolios. Schanzenbach and Robert H. Introduction. Notably, foreign regulators have been ahead of their U.S.

Finance 226

Finance Compliance Marketability 226

Harvard Corporate Governance

MARCH 31, 2023

Internalizing Externalities: Disclosure Regulation for Hydraulic Fracturing, Drilling Activity and Water Quality Posted by Pietro Bonetti (IESE Business School), Christian Leuz (University of Chicago), and Giovanna Michelon (University of Bristol) , on Friday, March 24, 2023 Tags: climate disclosures , climate risk , disclosure mandates , energy production (..)

Banking 213

Banking Equity Marketability 213

Harvard Corporate Governance

DECEMBER 11, 2023

This post is based on an ISS Corporate Solutions memorandum by Jun Frank , Global Head of Compensation & Governance Advisory; Stephan Stegmueller , Head of Compensation & Governance Advisory, EMEA and APAC; Yan Xu, Senior Adviser, EMEA; and Fredrik Lundin, Senior Sustainability Solutions Product Manager at ISS-Corporate.

Equity 152

Equity Marketability 152

Harvard Corporate Governance

JUNE 26, 2022

Bebchuk and Roberto Tallarita (discussed on the Forum here ); Companies Should Maximize Shareholder Welfare Not Market Value by Oliver Hart and Luigi Zingales (discussed on the Forum here ); Reconciling Fiduciary Duty and Social Conscience: The Law and Economics of ESG Investing by a Trustee by Max M. Schanzenbach and Robert H.

Marketability 247

Marketability 247

Harvard Corporate Governance

NOVEMBER 17, 2022

Introduction: The ESG imperative. As ESG-orientated mandates fast become the default—not just in Europe but also the US—the race is on to shift allocations and retrofit existing funds to keep pace with investor expectations. Under our base-case growth projection scenario, ESG AuM in the US would more than double, from US$4.5

Marketability 189

Marketability 189

Reynolds Holding

MARCH 19, 2024

After several years of dramatic growth, ESG investing seems to have entered a period of retrenchment. While it is impossible to predict the future trajectory of ESG, the movement has revealed important structural features of our financial system and the social forces that act on it. Social pressures can change.

Firm Value 78

Firm Value Marketability 78

Harvard Corporate Governance

MAY 27, 2022

A Tale of Two Networks: Common Ownership and Product Market Rivalry. ESG Disclosure Rules and the SEC’s Mission. ESG Incentives and Executives. Statement by Commissioner Lee on ESG Disclosures Proposal. Posted by Florian Ederer (Yale) and Bruno Pellegrino (University of Maryland), on Friday, May 20, 2022.

Banking 205

Banking Marketability 205

Sun Acquisitions

MARCH 27, 2024

Companies increasingly recognize the importance of Environmental, Social, and Governance (ESG) factors in shaping their strategic decisions. Sustainability and ESG have become pivotal considerations in M&A deals, transforming how organizations evaluate, structure, and execute these transactions.

Marketability 59

Marketability Compliance 59

Harvard Corporate Governance

JUNE 20, 2022

Key Points: The proposal on ESG disclosures for investment advisers and registered investment companies would introduce requirements for advisers and registered funds that consider ESG factors in their investment processes to disclose more about those factors’ role in investment decisions. more…).

Compliance 189

Compliance 189

Harvard Corporate Governance

OCTOBER 11, 2022

With the accelerating transition away from fossil fuels, awareness of the role of minerals critical to the production of clean energy (including cobalt, copper, lithium, nickel, and rare earth elements) has increased. The Russian invasion of Ukraine has exacerbated these concerns.

Corporate Finance 275

Corporate Finance Finance Marketability Technology 275

Harvard Corporate Governance

OCTOBER 28, 2022

1] Two months later, the Commission proposed additional rules for funds to incorporate environmental, social, and governance (ESG) factors into their disclosures. [2]. I will focus on two topics: the concept of “materiality” in the federal securities laws and the comparability of ESG disclosure in fund documents.

Banking 199

Banking Enterprise Value Marketability Compliance 199

Harvard Corporate Governance

AUGUST 8, 2022

Bebchuk, Kobi Kastiel, and Roberto Tallarita; Companies Should Maximize Shareholder Welfare Not Market Value (discussed on the Forum here ) by Oliver Hart and Luigi Zingales; and Reconciling Fiduciary Duty and Social Conscience: The Law and Economics of ESG Investing by a Trustee (discussed on the Forum here ) by Max M.

Finance 239

Finance Marketability 239

Harvard Corporate Governance

MARCH 29, 2024

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, March 29, 2024 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of March 22-28, 2024 Disentangling the value of ESG scores and classification of sustainable investment products Posted by Andrew Siwo, New York University and (..)

Compliance 100

Compliance Marketability 100

ThomsonReuters

DECEMBER 19, 2023

Current ESG tax credits and initiatives What are the benefits of an ESG tax strategy? Accountants play a critical role in helping their clients navigate ESG tax credits and green taxes. How are environmental taxes calculated? In the U.S.,

Compliance 52

Compliance Finance Accounting Firms Marketability 52

Reynolds Holding

SEPTEMBER 12, 2023

In the face of competitive pressure, is there a trade-off between a company’s financial performance and its commitment to environmental, social, and governance (ESG) activities? Is ESG a source of competitive advantage, or do managers simply spend other people’s money on sustainability to become “good”? To measure U.S. To measure U.S.

Marketability 64

Marketability Finance 64

Reynolds Holding

JUNE 21, 2022

The meteoric global rise of ESG investing is increasingly being met with an equally ambitious regulatory disclosure regime, and, targeting greenwashing, policymakers are beginning to bare their teeth. These requirements would also extend to funds where the investment decisions incorporate one or more ESG factors.

Marketability 83

Marketability Treasury Finance Compliance 83

Audit Board

JUNE 3, 2022

Environment, Social, Governance (ESG) is a framework for assessing risks to a company’s operations related to large-scale, long-term environmental, social, and governance issues. An ESG audit will also substantiate the accuracy of any ESG-related data your organization discloses to employees, stakeholders, and regulatory entities.

Compliance 98

Compliance Start-ups Equity Finance 98

Reynolds Holding

JANUARY 23, 2024

In recent years, regulators and other proponents of greater corporate attention to environmental, social, and governance (ESG) factors have treated boards of directors as, in effect, supplying ESG, making the decisions that take ESG into account. Moreover, it becomes easier for ESG-friendly shareholders to coordinate.

Marketability 69

Marketability 69

Harvard Corporate Governance

JANUARY 4, 2023

Organizations are under increasing pressure to create holistic approaches to sustainability and broader Environmental, Social and Governance (ESG) strategies to meet regulatory requirements and societal and investor expectations.

324

324

Reynolds Holding

APRIL 7, 2024

ISS ESG assesses the readiness of financial companies to disclose and mitigate their carbon impact. This post uses data from the ISS ESG Corporate Rating and from ISS Economic Value Added (EVA ) to assess the readiness of financial companies, across different markets and regulatory jurisdictions, to meet this challenge.

Finance 59

Finance Banking Marketability Start-ups 59

Harvard Corporate Governance

FEBRUARY 20, 2024

Large investors and their stewardship teams, as well as proxy advisors, are rapidly evolving their expectations for Boards and management teams to demonstrate robust cybersecurity programs are in place: Glass Lewis’ 2024 Policy Updates included a new approach to cyber risk oversight which can lead to recommended votes against directors where a company (..)

Marketability 130

Marketability 130

ThomsonReuters

NOVEMBER 15, 2023

“Not only do you need to know where the product is coming from and whether it’s from the Uyghur region or not, you need to know where the raw materials are from, and be able to trace and prove it if there is a compliance check.” “We’re seeing restrictions and requirements on U.S. companies (e.g., companies (e.g.,

Compliance 94

Compliance Technology 94

Sun Acquisitions

APRIL 26, 2024

Companies with poor environmental, social, and governance (ESG) practices are exposed to regulatory, legal, and reputational risks. Regulatory Landscape and Investor Expectations Governments worldwide are tightening regulations around ESG issues, reflecting the growing consensus on the importance of sustainable business practices.

Compliance 52

Compliance Marketability 52

Harvard Corporate Governance

JULY 17, 2023

on Monday, July 17, 2023 Editor's Note: This post is based on an article by Ramy Ibrahim, Associate Director, Product Manager, ESG, Data Analytics & Financial Solutions, Yan Xu, Senior Associate, EMEA ESG Advisory, and Stephan Stegmueller, Executive Director, Head of Advisory EMEA & APAC at ISS Corporate Solutions.

Marketability 130

Marketability 130

Reynolds Holding

APRIL 24, 2024

Research and development on greener products and processes remains remarkably low, at about 4 percent of global R&D, and global emissions continue to increase. Disclosure is voluntary , and consumers must rely on the information strategically disclosed by firms to form their perceptions about products’ environmental attributes.

Marketability 59

Marketability Technology 59

Reynolds Holding

JANUARY 16, 2024

Once relegated to the periphery of corporate consciousness, environmental, social, and governance (ESG) factors are now at the forefront of companies’ strategic considerations. A recent Stanford University Hoover Institution survey revealed a fascinating insight into ESG investing.

Firm Value 59

Firm Value 59

Value Scope

JULY 21, 2020

Click to Download: ESG Valuation Considerations – Top Down or Bottom Up? The term Environmental, Social & Governance, commonly called “ESG,” is not a new concept. Valuation work associated with ESG might be relatively new, but the techniques and tools necessary to perform ESG valuation exist already.

Intangible Assets 130

Intangible Assets Beta Alpha Unlevered Beta 130

Reynolds Holding

MAY 4, 2023

It is a common refrain, mostly on the political right, that considering environmental, social, and governance (“ESG”) factors when investing is probably illegal. [1] 2] The attorneys general of a number of states have drafted legal opinions prohibiting their public entities from ESG investing on this basis. [3]

Systematic Risk 117

Systematic Risk Finance Marketability Equity 117

Reynolds Holding

AUGUST 14, 2023

In a new working paper, we examine the claims of the top 100 private equity firms in the United States as to their committment to ESG. In fact, other than boilerplate language, 58 percent of PE firms have no substantive information about their ESG practices. Six percent of PE firms have a dedicated ESG fund.

Equity 52

Equity Private Equity Firm Marketability 52

Audit Board

DECEMBER 7, 2022

We’ve collected a summary of key features released in Q4 2022, with the opportunity for customers to learn more about additional product releases in the AuditBoard Help Center. . ESG & Sustainability Operationalized. See AuditBoard's ESG solution in action. Introducing AuditBoard ESG !

Compliance 52

Compliance Marketability 52

ThomsonReuters

DECEMBER 19, 2023

The Production Tax Credit (PTC): Provides a per-kilowatt-hour credit for electricity produced by qualified renewable energy sources, such as wind, biomass, geothermal, and more. Biodiesel and Renewable Diesel Tax Credits: Credits for the production and use of biodiesel and renewable diesel fuels.

Compliance 52

Compliance Finance Technology 52