State Street Global Advisors (SSGA) has hired Hannah Shoesmith to lead its newly created Sustainability Stewardship Service, focused exclusively on executing the firms sustainability policy and conducting portfolio company engagements on behalf of clients that have opted into the service. Before joining SSGA, Shoesmith worked as head of engagement – active ownership – at Schroders, as well as previously holding…
Trump, 24 States Sue New York, Vermont Over Laws Charging Fossil Fuel Companies for Climate Change
The U.S. Justice Department announced that it has filed complaints in U.S. District Courts against the states of New York and Vermont over their respective climate change “Superfund” laws, aimed at fining energy companies for their contributions to climate change. Separately, a group of 24 U.S. State Attorneys General announced that they have joined a lawsuit against the Vermont Superfund…
Reasons for optimism: Views from the front line of stewardship
Companies that used to shout about their ESG efforts are now seemingly saying much less, afraid of pushback from all sides. This apparent trend may lead many to believe that they had given up on their green commitments, however that hasn’t been my experience in recent discussions with investee firms and there are still many reasons to remain optimistic. Antidote…
Views from the stewardship front line: Why there’s reason for optimism
Companies that used to shout about their ESG efforts are now seemingly saying much less, afraid of pushback from all sides. This apparent trend may lead many to believe that they had given up on their green commitments, however that hasn’t been my experience in recent discussions with investee firms and there are still many reasons to remain optimistic. Antidote…
State Street Launches Sustainability Engagement and Voting Service
State Street Global Advisors (SSGA), one of the world’s largest investment managers, announced the launch of its new Sustainability Stewardship Service, offering institutional clients with the ability to follow a sustainability-focused engagement and proxy voting framework. According to SSGA, the new service was launched in response to institutional client feedback, seeking more engagement with companies on sustainability topics, and designed with…