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Presented by the Household & Commercial Products Association
With Daniel Lippman
CASSIDY AIDE HEADS DOWNTOWN: Jeff Lucas has joined
Todd Strategy as a senior director for health policy and government affairs. Lucas was previously health policy adviser to Sen.
BlackRock to step up sustainability action in 2021
Bloomberg
BlackRock will turn up the pressure on carbon-intensive companies to transition to a low-carbon economy, push for more qualified and diverse corporate directors, back up more shareholder proposals on sustainability issues, and scrutinize companies political activity, according to a 2021 Stewardship Expectations report released Thursday.
The asset manager focused on 440 carbon-intensive companies during the last proxy season ended June 30, but will now expand that scrutiny to 1,000 companies in 2021, the report said. Actions against the 440 companies included voting against 55 directors and putting 191 companies on watch for similar actions. The new universe of 1,000 companies represents 90% of major global emissions.