Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Supply Chain Responsibility
• Human Rights

Climate Goals & Targets

Environmental Challenges

• Many companies lacked comprehensive ESG reporting and data.

Mitigation Strategies

• Engaged with companies to encourage improved ESG disclosure and practices, highlighting best practices from other companies.

Supply Chain Management

Responsible Procurement

• Supplier Codes of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Environmental Metrics

ESG Focus Areas

• Governance
• Compensation
• Board Diversity
• Shareholder Rights
• Sustainability

Climate Goals & Targets

Environmental Challenges

• Excessive plan cost in stock incentive plans
• Liberal recycling of shares
• Broad discretion to accelerate vesting in stock plans
• High burn rate in stock plans
• Low level of independent directors on boards
• Low number of female directors on boards
• Lack of ESG disclosure
• Classified boards
• Overboarding of directors
• Lack of preemptive rights in share issuances
• Concerns regarding CEO pay
• Insufficient diversity on boards
• Concerns about committee and board meeting attendance
• Lack of disclosure in company reports
• Excessive dilution of shares
• Concerns about long-term incentives
• Concerns about performance-based compensation
• Lack of shareholder engagement
• Insufficient oversight of management
• Supermajority vote requirements

Mitigation Strategies

• Engagement with issuers to address concerns
• Voting against management recommendations on certain proposals
• Providing feedback to companies on governance and compensation practices
• Advocating for shareholder rights such as written consent and proxy access
• Monitoring companies' ESG reporting and progress

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Governance
• Environmental
• Social

Climate Goals & Targets

Environmental Challenges

• Many companies lack sufficient ESG disclosures.
• Some companies resist providing sustainability disclosures.
• Companies face challenges in implementing and reporting on ESG initiatives (e.g., data collection difficulties).

Mitigation Strategies

• Engaging with companies to encourage improved ESG disclosures and practices.
• Providing feedback and recommendations to companies on ESG matters.
• Voting against management proposals where ESG concerns are not adequately addressed.

Supply Chain Management

Responsible Procurement

• Supplier code of conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, CDP