From the article, “The far-reaching impacts of climate change on companies have investors pressing corporate leaders for action to minimize environmental damage and to maximize disclosure of risks to their businesses. The threats range from more frequent floods or wildfires that imperil major assets to regulations that could undermine profits.
While votes on climate-related shareholder resolutions often take center stage at corporate annual meetings, they seldom draw support from the two top U.S. index fund firms, BlackRock Inc and Vanguard Group. The reticence of the two largest index fund providers to back these proposals draws criticism from some investors and climate activists.”
Like I was saying yesterday on a related topic, why are these companies so afraid of having their shareholders vote? They obviously want to be part of the solution. When is enough, enough?
There is no fear between Black Rock and Vanguard about shareholders. If the shareholders do not like the practices of those two companies, they are free to take their capital elsewhere. Both companies know that and have no fear of losing a handful of idiots who think social goals are more important than wealth accumulation.
That said, another piece of critical thinking by BR and V is that the proposed disclosures will be a slippery slope toward allowing the inmates to run the asylum… and lower overalls RORs that affect ALL their clients. And THAT is the key reason for prudence in this matter by BR and V.
It’s time for SJWs to take their ball and go home if they don’t like the rules of the game.
More Virtue Signaling from Lefties who can’t think the issue through.
And index fund simply buys up LOTS of stocks. The issue can only be addressed – if at all – by each individual corporation.
What exactly, do these Bullies want? To raise all of our energy prices by banning fossil fuels?
What difference would it make anyway? China and India are the big polluters anymore. So when we hurt our middle class and poor people by driving up energy prices, will the Left take responsibility? Right.
“pressing corporate leaders for action to minimize environmental damage and to maximize disclosures of risks”.
My response would be: “We are an index fund and we don’t damage the environment and the risk is minimal to our fund and go away.”
Once again, whataboutism and lazy politics. Oh boohoo china and india are doing bad we can’t at ALL possibly be a leading nation and start a trend. Pathetic.
Contrary to YOUR implication, the US IS doing plenty in regard to reducing pollution of the atmosphere and land. You just haven’t lived long enough to see the drastic changes. And, if you were an insurance pro, you would have been able to see the changes made in reaction/ regard to A&E reserve developments that sunk dozens of large insurers during the latter part of the last century. I doubt you know anything about insurance because ALL of your posts are political and trolling in nature, and NONE have discussed insurance.
From the article, “The far-reaching impacts of climate change on companies have investors pressing corporate leaders for action to minimize environmental damage and to maximize disclosure of risks to their businesses. The threats range from more frequent floods or wildfires that imperil major assets to regulations that could undermine profits.
While votes on climate-related shareholder resolutions often take center stage at corporate annual meetings, they seldom draw support from the two top U.S. index fund firms, BlackRock Inc and Vanguard Group. The reticence of the two largest index fund providers to back these proposals draws criticism from some investors and climate activists.”
Like I was saying yesterday on a related topic, why are these companies so afraid of having their shareholders vote? They obviously want to be part of the solution. When is enough, enough?
There is no fear between Black Rock and Vanguard about shareholders. If the shareholders do not like the practices of those two companies, they are free to take their capital elsewhere. Both companies know that and have no fear of losing a handful of idiots who think social goals are more important than wealth accumulation.
That said, another piece of critical thinking by BR and V is that the proposed disclosures will be a slippery slope toward allowing the inmates to run the asylum… and lower overalls RORs that affect ALL their clients. And THAT is the key reason for prudence in this matter by BR and V.
It’s time for SJWs to take their ball and go home if they don’t like the rules of the game.
More Virtue Signaling from Lefties who can’t think the issue through.
And index fund simply buys up LOTS of stocks. The issue can only be addressed – if at all – by each individual corporation.
What exactly, do these Bullies want? To raise all of our energy prices by banning fossil fuels?
What difference would it make anyway? China and India are the big polluters anymore. So when we hurt our middle class and poor people by driving up energy prices, will the Left take responsibility? Right.
“pressing corporate leaders for action to minimize environmental damage and to maximize disclosures of risks”.
My response would be: “We are an index fund and we don’t damage the environment and the risk is minimal to our fund and go away.”
Once again, whataboutism and lazy politics. Oh boohoo china and india are doing bad we can’t at ALL possibly be a leading nation and start a trend. Pathetic.
HA HA HA HA HA HA HA!
Contrary to YOUR implication, the US IS doing plenty in regard to reducing pollution of the atmosphere and land. You just haven’t lived long enough to see the drastic changes. And, if you were an insurance pro, you would have been able to see the changes made in reaction/ regard to A&E reserve developments that sunk dozens of large insurers during the latter part of the last century. I doubt you know anything about insurance because ALL of your posts are political and trolling in nature, and NONE have discussed insurance.
Pot, meet kettle.