Posted on by Christopher K. Merker, Ph.D., CFA

Interesting developments this week around Climate Change (NYT and BBC)

Global Warming vs. Climate Change | Resources – Climate Change: Vital Signs of the Planet

First, an activist hedge fund has successfully waged a proxy contest to elect climate activists to Exxon’s board. We have long said that despite hedge funds’ typically “short-termist” orientation, that skills in investor activism could be applied in a constructive way to sustainability.

https://www-nytimes-com.cdn.ampproject.org/c/s/www.nytimes.com/2021/05/26/business/exxon-mobil-climate-change.amp.html

For the first time a court of justice has ordered emissions reductions; a Dutch court ordered Royal Dutch Shell to reduce emissions by 2030, 45% below 2019 levels.

https://www.bbc.com/news/world-europe-57257982

Author: Christopher K. Merker, Ph.D., CFA

Christopher K. Merker, PhD, CFA, is a director with Private Asset Management at Robert W. Baird & Co. He holds a PhD in investment governance and fiduciary effectiveness from Marquette University, where he has taught the course “Sustainable Finance” since 2009. Executive director of Fund Governance Analytics (FGA), an ESG research partnership with Marquette University, he is a member of the CFA Institute ESG Working Group, an international committee currently exploring ESG standards, publishes the blog, Sustainable Finance, which covers current topics around governance and sustainability in investing, and is co-author of the book, The Trustee Governance Guide: The Five Imperatives of 21st Century Investing.
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