Glass Lewis

Climate Impact & Sustainability Data (2019, 2024)

Regulatory investigations regarding ESG violations at Glencore.
Cybersecurity risks for state and local governments.
Poor state of infrastructure in the US.
Rolling blackouts in South Africa posing risks to mining.
Tariffs disrupting economic growth.
Concerns about the quality of drinking water nationwide.
Growing AUM in ESG-oriented funds potentially diverting investment from fossil fuels.
Tensions between the U.S. and Iran.
Record levels of American credit card debt.
High probability of recession in the next 12 months.
Hong Kong protests impacting the economy.
US-China trade war.
COVID-19 (Wuhan coronavirus) impacting economic growth.

Funds utilized some call options positions and directional ETFs to hedge benchmark risks.
Rating agencies incorporate cyber risks into their analyses.
State and local borrowers have increased transportation and infrastructure borrowing.
Funds employed defensive investment positions with higher-than-average cash balances.
Major gold miners focused on deleveraging balance sheets with asset sales.

Demand for copper, nickel, lithium, cobalt and rare earth metals for energy storage.

Updated policies and recommendations for cyber risk oversight, including disclosures and board accountability.
Updated policy on board accountability for climate-related issues, focusing on S&P 500 companies with material GHG emissions and TCFD alignment.
Recommendations for timely remediation of material weaknesses and disclosure of remediation plans.

Frameworks Used: TCFD, SASB