ESG-begrebet er den seneste tid blevet udsat for kritik fra flere sider, hvor fællesnævneren er, at ESG gør mere skade end gavn. Som beskrevet i sidste uges tema af ØU Samfundsansvar betragter dele af den amerikanske højrefløj erhvervslivets arbejde med ESG som udtryk for venstresnoet woke-kapitalisme. Modsat konkluderer det anerkendte tidsskrift The Economist, at ESG ikke for alvor rykker noget, men nærmere er udtryk for greenwashing. Erik Alhøj, direktør for Engagement International, byder generelt kritik af ESG velkommen, men han betragter størstedelen af den nuværende kritik som ekstrem politisk og specifik amerikansk.Read More
Engagement International works for many institutional investors and ensures that the companies in which they invest comply with international standards for sustainability and accountability. The controversial companies are being influenced in a more sustainable direction through active ownership. Read more in the Nordic Business article by Flemming Østergaard, covering the interview with Erik Alhøj, CEO of Engagement International.
Electric utilities are among the main contributors to the global GHG emissions due to their reliance on heavy use of fossil fuels. Consequently, the strength of their commitment to achieving net-zero in accordance with the Paris Agreement, as well as credibility of their decarbonisation strategies are of vital interest to the global community and investors. However, in general the last five years brought no significant change in emissions from the top contributors to the climate change in this sector. Out of 30 biggest emitters, 12 (40%) have increased their scope 1 and 2 emissions since signing of the Paris Agreement.Read More
The world’s largest oil and gas companies have a main role to play in transition to a net zero emissions economy. Our bi-annual engagement dialogues with 16 of them shows some positive steps forward in terms of climate commitments, target setting and implementation of strategies. However, during the last five years the total direct emissions from the most emitting oil and gas companies increased by 12%.Read More
Since the Paris Agreement was signed in 2016, Engagement International has been engaging on behalf of institutional investor clients with the 100 listed companies that are most exposed to climate change, when it comes to the highest scope 1 and 2 emissions or potential emissions from fossil fuel reserves.Read More
Climate change has become the most important ESG issue for institutional investors, corporations, cities, and nations. And “Net Zero” is the new narrative to describe the ambition of being aligned with the Paris Agreement or 1.5-degree goal. All around the world, thousands of organizations are committing themselves to achieve the state of “Net Zero in 2050 or sooner”, where they achieve an overall balance between emissions produced and emissions taken out of the atmosphere.Read More
Should companies’ use of tax havens and aggressive tax planning be considered as a question of policy, law or corporate responsibility, also called CSR or ESG? It is one of the questions now highlighted by the COVID-19 crisis.Read More
The investor pressure on oil and gas companies to address climate change as seen in the latest proxy voting season has mounted like never before. In May, BP shareholders, representing over 99% of the votes, passed a resolution asking the company to align its business strategy and investments with the Paris Agreement. When a similar resolution was blocked by Exxon, who had asked the U.S. Securities and Exchange Commission to reject it, investors urged a vote to split the chief executive officer and board chairman roles as protest.Read More
With their widespread use across multiple sectors, from construction and infrastructure to energy and transportation, cement and steel are central to modern economy. They are also inherently energy and carbon-intensive. Taken together, those two sectors account for up to 15% of global CO2 emissions, and as the world’s population grows, emissions are only projected to increase.Read More
On behalf of institutional investor clients, Engagement International has evaluated and engaged with the 100 listed companies that contribute the most to climate change since the Paris Agreement was adopted in December 2015. Through in-person meetings and conference calls every six months over the past three years, we seek to encourage the companies to align their business with the well-below two-degree goal. This blog is the first of a climate series, in which we will discuss the premise and results of the engagement project “Top 100 Climate Change Contributors” (Top100CCC).Read More
ESG Engagement is mostly used for responsible investment in listed equities. However, according to a new report from PRI, engagement can also be beneficial, when it comes to corporate bonds. Read more in the latest Økonomisk Ugebrev article (in Danish).
Companies with higher ESG ratings tend to show improved financial performance, according to a new report from MSCI ESG Research. Read about the main conclusions in a new Økonomisk Ugebrev article (in Danish).
Exclusion of more than a handful of companies due to ESG incidents has a negative impact on the risk-adjusted financial return, according to the analysis from MSCI ESG Research. Read the article about the main results in Økonomisk Ugebrev (in Danish).