Vanguard Group has urged companies to disclose how climate change could affect their business and asset valuations
Call for climate change risk disclosures, news.com.au AUGUST 25, 2017 Vanguard Group has urged companies to disclose how climate change could affect their business and asset valuations, reflecting how the environment has become a priority for the investment industry.
Under pressure from investors, Vanguard and other fund companies have pushed to pass several high-profile shareholder resolutions on climate risk at big energy firms like Exxon Mobil Corp and Occidental Petroleum Corp during the northern Spring proxy season.
Vanguard manages about $US4 trillion ($A5.1 trillion) and is often the top shareholder in big US corporations through its massive index funds – giving it a major voice in setting corporate agendas.
Vanguard, the biggest US mutual fund firm by assets, had not supported climate activists on similar measures. But Glenn Booraem, Vanguard’s investment stewardship officer, said in a telephone interview on Monday the issue as well as shareholder proposals have evolved.
“Our support for these proposals is not a matter of ideology, it’s a matter of economics,” he said.
“To the extent there are significant risks to a company’s long-term value proposition, we want to make sure there is long-term disclosure of those risks to the market.”
Vanguard earlier this year changed its proxy voting policies to give more leeway to support resolutions tied to climate risk, but until now it has given few details about its thinking unlike rivals State Street Corp or BlackRock Inc……http://www.news.com.au/finance/business/breaking-news/call-for-climate-change-risk-disclosures/news-story/2577352981a4bd0ecab44c222cef7d37
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For international nuclear news go to https://nuclear-news.net/
Senate Committee Inquiry into National Radioactive Waste Management Amendment (Site Specification, Community Fund and Other Measures) Bill 2020 [Provisions] has again postponed the date for their report from 31 August 2020 to 14 September 2020.
You can still send Submissions to them on that same page. Read Public hearings transcripts : the latest (28 August) is now available.
of the week
Committee for Future Generations
https://climatetippingpoints.info/
Join my fight to free Julian Assange and stop US extradition
https://www.crowdjustice.com/case/julianassange/
Submissions to the Senate Committee Inquiry into National Radioactive Management Amendment Bill. 2020. Go to our summaries of significant submissions, conveniently listed in alphabetical order at Kimba waste dump submissions or see all submissions listed at Read the Submissions
EVENTS
WEBINARS – Details at YELLOWCAKE COUNTRY http://www.ccwa.org.au/yellowcake_country_webinar_series
30 September – Webinar – Uranium and Nuclear Power Wednesday 5.30 pm (AWST) 7.30 pm (AEST)
18 November – Webinar – Maralinga to Mulga Rock the Spinifex Story Wednesday 5.30 pm (AWST) 7.30 pm (AEST) |
No nuclear waste dump in South Australia
ACT NOW: NO PLACE FOR NUCLEAR WASTE https://www.conservationsa.org.au/no_place_for_nuclear_waste?fbclid=IwAR24tyFotCN96nobPpPuhGCqBMlW8zjPixIzmEj8ud8b_J7tRigzlXLpjJc
https://www.change.org/p/release-julian-assange-from-belmarsh-prison-before-covid-19-spreads
Antarctica Nuclear Power Plant Cancer Disaster on Day 1 Say Navy Shipmen
Antarctica nuclear reactor caused many cancers. Several countries insisted the US to clean up the nuclear waste via treaty. 5 On Your Side Investigation in March 2011 revealed at least “438 malfunctions from 1964 through 1972.” Our report found “leaking water surrounding the reactor” as well as “hairline cracks in the reactor liner” and prompted two federal hearings that upheld our report’s findings. The plant was eventually shut down and dismantled in 1972, but in the decades that followed, repeated cancer claims for service-connected disability filed by veterans were routinely turned down or ignored by the Veterans Administration. “There is no question that the water was contaminated,” said Wilborn, who was granted a service-connected disability after a hearing before the Board of Veterans Appeals. The appeals board also found that Wilborn’ s exposure was “grossly underestimated” and “evidence strongly suggests that others may have been exposed to higher levels” as well. Source Ron Reagan http://www.newsnet5.com/news/local-ne…
McMurdo has attempted to improve environmental management and waste removal over the past decade in order to adhere to the Protocol on Environmental Protection to the Antarctic Treaty, which was signed October 4, 1991, and entered into force January 14, 1998. This agreement prevents development and provides for the protection of the Antarctic environment through five specific annexes on marine pollution, fauna, and flora, environmental impact assessments, waste management, and protected areas. It prohibits all activities relating to mineral resources except scientific. A new waste treatment facility was built at McMurdo in 2003, https://en.wikipedia.org/wiki/McMurdo…
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