California utility Pacific Gas & Electric Company recently published a climate strategy report that highlights a new category of greenhouse gas (GHG) emissions that the company calls Scope 4. According to PG&E, the category accounts for the emissions it enabled its customers to reduce. “As a utility that provides gas and electric service to millions…
Several climate-related shareholder proposals went to a vote last week at S&P 500 companies, and most of them failed to garner more than 15% of the vote. While it is unusual for first-time proposals to win high levels of support at annual meetings, the focus on environmental issues among investors and proxy advisors had suggested…
Our latest report uses data from our CompanyIQ® SEC Comment Letters database to review climate-related SEC Comment Letters to S&P 500 companies over the last 90 days. 1/3 of S&P 500 Comment Letters in the Last 90 Days Relate to Climate Disclosures One-third of S&P 500 Comment Letters released over the past 90 days (12/4/21-3/4/22)…
State Street Global Advisors’ (SSGA) CEO Cyrus Taraporevala is ramping up expectations for companies to boost disclosures and update strategies on board and employee diversity as well as climate change this year. Taraporevala’s letter to board members on the firm’s 2022 proxy voting agenda, released this month, warns that the firm will vote against directors…