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ESG / Sustainability Henry(“Hank”) Boerner Named to Prestigious 2011 NACD Directorship 100 “People To Watch” Roster (Governance and Accountability Institute) Governance & Accountability Institute is pleased to announce that Henry (“Hank”) Boerner, its Chairman has been named to the National Association of Corporate Directors’ (NACD’s) 2011 Directorship 100 “People to Watch” roster, in recognition of his work promoting the highest standards of corporate governance. Mr. Boerner will be among those recognized at a gala dinner on November 8 at the Waldorf Astoria in New York, during the NACD Directorship 100 Forum. As Chairman of Governance & Accountability Institute, Mr. Boerner has shown his commitment to NACD’s mission of promoting board diversity and boardroom excellence by his more than 30 years of involvement in corporate governance affairs, including the last 10 years as contributing editor of Corporate Finance Review (the professional journal published by Thomson Reuters, and his work as strategist and advisor through G&A Institute). Associated Profiles : Governance & Accountability Institute, Inc Do US Companies Finally ‘Get’ Carbon Disclosure? Yes, But… (Greenbiz.com) U.S. companies are getting better about disclosing their carbon footprints and integrating climate change into their business strategies, but in some areas, American businesses as a group seem to be taking a few steps backwards. Associated Profiles : Carbon Disclosure Project SEC Probes Firms for Trades Before U.S. Rate Cut: Report (The Street) — Securities regulators have sent subpoenas to hedge funds and other firms as they probe possible insider trading before the U.S. government’s long-term credit rating was cut last month, The Wall Street Journal reported, citing people familiar with the matter. Securities and Exchange Commission officials demanded more information about specific trades made shortly before Standard & Poor’s downgraded the U.S.’s rating to double-A-plus from triple-A on Aug. 5, the people said. Associated Profiles: S&P Chocolate tainted with child labor (Record-Bee) As another Halloween approaches and parents in the Kelseyville area think about buying chocolate as treats for children, here is something to consider: The chocolate you buy could be tainted with child labor. Sept. 19 marks the 10-year anniversary of the signing of the Harkin-Engel Protocol, an agreement by the country’s largest chocolate companies to put an end to forced child labor on cocoa farms in West Africa by 2005. Ten years later, not enough progress has been made. Hundreds of thousands of children are still forced to work under abusive conditions for long hours on cocoa farms in West Africa while others are victims of trafficking and forced labor. Associated Profiles : TransFair USA Commentary US Pension Funds Treasurer criticizes, panel lowers bonus for state pension exec (Herald online) COLUMBIA — The state’s top investment officer won’t get $65,000 in bonus money after state Treasurer Curtis Loftis criticized it Thursday. Robert “Bob” Borden, who received a 37 percent raise in July that brought his base pay up to $485,000 a year, also was scheduled to receive a $242,500 bonus. Associated Profiles : Virginia Retirement System CalPERS suspends investment chairman, adopts governance reforms (Global Pensions) The California Public Employees’ Retirement System (CalPERS) has suspended the chairman of its Investment Policy Sub-committee following complaints by colleagues. The plan’s Board of Administration publicly censured board member JJ Jelincic and also suspended him as vice chairman of its Health Benefits Committee for his involvement in a personnel action based on complaints filed by co-workers. Associated Profiles : California Public Employees’ Retirement System (CalPERS Sovereign Wealth Funds Devil’s stocks outperform! (Tradingfloor.com) The world’s largest sovereign wealth fund, the Norwegian Government Pension Fund (aka the Petroleum Fund), has ethical standards concerning where to and not to invest. On its black list are individual companies involved in child labour, environmental damages, breaches of human rights, etc. These are all standards we agree on, as they are morally wrong. Associated Profiles: Norwegian Government Pension Fund – Global (Statens pensjonsfond – Utland) , Norwegian Government Pension Fund – Norway Ease UN sanctions on Libya – Britain (Pretoria News) United Nations – Britain has circulated a draft resolution to Security Council members that would ease UN sanctions against Libya and hopes to have a vote on it this week, diplomats said on Wednesday. The draft would have the council begin lifting six-month-old punitive measures imposed on Libya when former leader Muammar Gaddafi was overseeing a crackdown against pro-democracy demonstrators across the country. Associated Profiles : Libyan Investment Authority Asset Managers Rogue trader causes $2 billion loss at UBS (KMTR.com) GENEVA (AP) — Swiss banking giant UBS said Thursday that a rogue trader has caused it an estimated loss of $2 billion, stunning a beleaguered banking industry that has proven vulnerable to unauthorized trades. Police in London said they arrested a 31-year-old man in connection with the loss. Associated Profiles : Credit Suisse Group AG Schroders’ Buxton fears HSBC to exit UK over ring-fencing plans (Investment Week) Schroders’ Richard Buxton has warned plans to ring-fence banks will force HSBC and Standard Chartered to redomicile outside the UK, causing more woe for the economy. Last week the Independent Commission on Banking (ICB)’s final report called for banks to ring-fence their retail arm from their wholesale businesses to prevent consumers bearing the brunt of investment banking losses. Associated Profiles : Schroders |
Corporate ESG Performance Factors are important to financial analysts, asset owners and managers, and many stakeholders. The ESG framework or approach considers environmental and energy issues and impacts, the company’s positioning and actions on social/societal issues, and corporate governance. ESG key performance indicators are also considered proxies for effective governance and management of corporations by investors. Dozens of independent research and financial analysis firms are monitoring and measuring these and advising investors. The Sustainability HQ™ platform is an important profiling and monitoring resource for the G&A team, and for our clients and subscribers. Many of the ESG market players and corporate reputation influencers are profiled by G&A Institute. In these Highlights we offer a few of the results of our continuous global scanning for ESG, sustainability and corporate responsibility news, commentary and research from thousands of global sources. The Associated Profiles indicated are contained in our platforms. For more information, email us atinfo@sustainabilityhq.com. _______________________________
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Watching the Watchers
KEY PARTNERS OVERVIEW/MISSION News Sweeps Soil under threat, food chief warns $800000 grant by The Coca-Cola Foundation for Eco Gozo’s Water Stewardship Program |
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SustainabilityHQ Highlights is prepared by the Governance & Accountability Institute, Inc. based on continuous monitoring of trends and developments in Sustainability and ESG. The SustainabilityHQ™ platform is available by subscription. Governance & Accountability Instiute is the “Sustainability Headquarters™” for clients in the corporate, investment, public and social sectors. The G&A team provides research, monitoring, advisory and strategic information resources to clients in the corporate, investment, public and social sectors.The G&A services portfolio includes: SustainabilityHQ™ is managed and published by Governance & Accountability Institute, Inc. |
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Weekly Highlights September 23, 2011
September 23, 2011
Global Water Partnership
