Ross Kerber

U.S. Sustainable Funds Mark Rare Outflow In May

Investors in May pulled $3.5 billion from U.S. mutual funds using environmental, social and governance (ESG) factors, researcher Morningstar Inc said on Thursday, a break with years of net new deposits.

Citing Shootings, NY Fund Urges Votes Against Twitter And Meta Directors

New York State Comptroller Thomas DiNapoli is calling for votes against directors at Twitter Inc and at Facebook parent Meta Platforms Inc at their upcoming annual meetings, saying both companies failed to enforce their standards against harmful content including from a mass shooting in Buffalo, N.Y.

Tesla Removed From S&P 500 ESG Index, Prompting Musk Pushback

S&P Dow Jones Indices has removed electric carmaker Tesla Inc from its widely-followed S&P 500 ESG Index, citing issues including racial discrimination claims and crashes linked to its autopilot vehicles, a move that prompted critical tweets from Tesla CEO Elon Musk on Wednesday.

Top Wall Street Firms, Ford To Disclose Directors' Race And Gender

Four top Wall Street firms and Ford Motor Co will start to disclose the race and gender of individual directors under deals reached with New York City pension officials, the city's comptroller, Brad Lander, said on Thursday, while a utility company has pushed back on the idea.

WHO-backed Vaccine Resolution Wins 24% Support At Moderna

A shareholder proposal calling on Moderna Inc to study transferring production of COVID-19 vaccines to less-developed countries won 24% support from investors on Thursday after it received a rare endorsement from the World Health Organization.

ISS Says Wells Fargo Pay Reforms Insufficient To Justify Support

Top proxy adviser Institutional Shareholder Services on Tuesday recommended investors cast proxy votes against the pay of Wells Fargo & Co Chief Executive Charles Scharf and other leaders, citing concerns about the discretion used to award the pay and lack of disclosures.

Exclusive-Goldman Sachs Pushes Directors For More Climate Data

Goldman Sachs' big asset-management arm will take a harder line in voting on directors at companies that do not disclose enough about their greenhouse gas emissions, an executive said on Thursday, adding to the pressure on business leaders to provide more climate-impact data.

Mutual Fund Manager Vanguard Works To Further Cut Russia Exposure

Vanguard Group on Monday said it has moved swiftly to implement international sanctions imposed against Russian banks, entities and individuals in the wake of Moscow's invasion of Ukraine, and is working to further reduce its exposure to Russia and exit positions across its index funds.

Pages