ECO comment: The EU announces its biggest regulatory move against what it defines as “anti-trust” or anti-competitive behaviour from mega tech companies like Apple and Google. In our Q4 2019 research spotlight we discussed the trouble with ESG-aligned strategies that have a bias towards technology exposure. Find it in the Research section of our website.
ECO comment: The regulation would require public companies to disclose their direct greenhouse gas emissions and have them verified by a third party. Commissioners voted to release the proposal for public comment.
ECO comment: Following Covid-19 shareholders’ increased awareness of ESG-related issues means rising expectations of boards.
ECO comment: Microsoft’s board lost a vote on a shareholder proposal for the first time since at least 2000, on a matter relating to “S” pillar practice in ESG. The shareholder proposal called for improved transparency in sexual assault reports and policies within the company. ECO Advisors is pleased to be counted amongst the shareholders who supported the proposal.
ECO comment: More than 100 global leaders announce pact to drastically reduce methane emissions by 2030 at COP26. Read more about our take on methane in our Q3 2021 newsletter.
We’re proud to support the CDP Science-Based Targets Campaign 2021 – engaging 1,600+ companies, representing 36% of the MSCI World, to set SBTs. 96% of companies said that investor pressure influenced their decision to join the Science Targets.