Investors Share Plans for Next Proxy Season’s ESG Blitz

Bracewell’s Rachel Goldman recently told Agenda that investors’ key focus on climate issues this year has been aimed at the future — how companies are planning to transition to the net-zero economy and what initiatives are in place to bring the company forward more sustainably.

“What are you doing today and five years from now and 10 years from now and how are you going to reach those goals?” Goldman asked. “Some of the tension we see rests in a lot of aspirational goals but a lack of a practical approach to reaching them in the best way for the company and the environment.

“The same attention companies pay to financial disclosures should be paid to ESG disclosures,” said Goldman.

Goldman added investors will act if they learn companies “aren’t treating their employees well,” pointing to the ongoing situation at Activision Blizzard. The video game company was sued this year by the California Department of Fair Employment and Housing over allegations of gender discrimination, harassment and a toxic work environment.

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