CEOs have enough to worry about running complex businesses in a challenging environment and a potential recession without having to deal with political figures attacking them as “woke CEOs” for their focus on diversity and sustainability, a group of those under one Assets conference in Florida this week. The so-called “stakeholder capitalism” they advocate is … Read more
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LONDON, Nov 2 (Reuters) – Employees and agents of a British subsidiary of mining and trading group Glencore ( GLEN.L ) used private jets to transfer cash to pay bribes to oil officials in West Africa, prosecutors told a London court on Wednesday . Glencore Energy UK Limited paid – or failed to prevent the … Read more
From initial public offerings of electric vehicles to environmental, social and government funds, the possibilities in climate-related investments seem endless. Still, a troubling trend is emerging involving state and local governments’ blanket obligations and their legal climate activism. The same jurisdictions that are suing energy companies for alleged damages due to climate change also state … Read more
The modern world is constantly subjected to crackpot movements that eventually fail, but not before causing serious damage. Karl Marx was a crackpot. So was the John Birch Society in its mission to fight communism “behind every tree.” The latest is Modern Monetary Theory and unlimited dollar creation for government spending, which caused today’s runaway … Read more
Some investments are suitable for the timid, others for the greedy. US energy stocks may be a rare fit for both. The sector is an inflation hedge and also has home-grown growth potential if freed from shareholder-imposed mandates to comply with environmental, social and governance constraints. Energy stocks should continue to outperform as capital rotates … Read more
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HONG KONG, Oct 1 (Reuters) – Tencent is resetting its M&A strategy to put more focus on buying majority stakes mainly in overseas gaming companies as the tech giant looks to expand globally to offset slowing growth at home in China, people with direct knowledge of the matter said said. Tencent Holding Ltd (0700.HK) has … Read more
Industry Investments in sustainable assets are expected to hit Sh2.3 billion Friday, September 30, 2022 The value of sustainable retail investment in Kenya is expected to rise to Sh2.3 trillion. ($19 billion) by 2030. PHOTO | SHUTTER LOCK The value of sustainable retail investment in Kenya is expected to rise to Sh2.3 trillion ($19 billion) … Read more
As public companies await the adoption of the US Securities and Exchange Commission’s (SEC) proposed mandatory climate risk disclosure rule, internal teams are preparing to handle these disclosure requirements. Will a company’s financial operation led by the CFO be at the center of the need for improved reporting to the SEC? “At the end of … Read more
As companies brainstorm the most effective way to recruit and retain top talent, HP CEO Enrique Lores has one answer: Implement sustainable environmental and social policies. “Having a positive influence creates a lot of impact and is a really good way to motivate employees, but also attract top talent,” he explained in Fortunes Global Sustainability … Read more
Don’t believe it when companies tout social activism as a benefit to shareholders.