Global shareholder services advisory firm Sodali announced today the appointment of Andrew Benett as its new CEO. Bennet joins Sodali from global professional services firm PwC, where he served as a Partner for the firm’s Corporate Strategy and Sustainability Strategy Consulting businesses, including as Lead US Partner for all Sustainability Consulting GTM activities across the firm. His prior senior management roles…
Global investment manager Schroders announced that it has been awarded a £5.2 billion (USD$6.3 billion) sustainable investment mandate by UK wealth manager St. James’s Place (SJP), as the new manager of the SJP Sustainable & Responsible Equity fund. The announcement forms part of a series of changes by SJP to the fund, including an increased focus on sustainability, which SJP…
The Net Zero Asset Managers (NZAM) initiative, a major multi-trillion dollar group of investment managers committed to supporting the goal of net zero greenhouse gas emissions by 2050, announced that it will suspend its primary activities, as it moves to adapt to a changing political and regulatory environment. The move follows an announcement by BlackRock, the largest global investment management…
EU banking supervisor The European Banking Authority (EBA) announced the release of its final Guidelines on the management of ESG risks, setting out requirements for banks to identify, measure manage, and monitor ESG risks, and detailing requirements for banks’ plans to monitor and address the financial impact of risks, including those stemming from the EU’s transition to climate neutrality by 2050….
McDonald’s announced a series of significant changes to its social goals, including the retirement of its representation goal-setting, and ending its supply chain Mutual Commitment to Diversity, Equity and Inclusion (MCDEI) pledge, which included commitments by participating suppliers such as the implementation of a DEI strategy. In a letter to McDonald’s owners, operators, employees and suppliers, however, the company reiterated…