Equifax and your personal financial information. WellsFargo team members donated time and money to renovate Hope Gardens Family Center, a program out of Union Rescue Mission that helps women and children devastated by homelessness. We use cookies to improve the usability of our site and to analyze traffic patterns so we can improve our utility. Barbara is also the editor of the Trust INC. book series and runs the global Trust Alliance. But todays bank is the result of the merger of the old Wells Fargo & Company with Norwest Bank back in 1998. hbspt.cta.load(2489059, 'd760955d-55af-4921-b9c4-9b1ef21ee669', {}); See CSRHub in Action As well as explaining the continuing embrace of sustainable investing approaches of key providers of capital as a strategic risk management discipline and proof of concept of acceptance of stakeholder primacy / sustainable capitalism in the 21st Century. Home Depot (also HQd in Atlanta) waffled; the company is not represented on the signatory line nor was there public criticism of the legislatures effort. Meanwhile, the SEC is staffing up its cyber unit to fight a potential uptick in crypto fraud. Still, there was vocal and often fierce opposition to same-sex marriage and equal protection under the law for LGBT citizens. Typically, the corporate issuer develops the resolution(s) for voting by the shareholder base for example, election of slate of nominees for the board and approval of the outside auditing firm. In these informative discussions, one executive noted that leadership, more so. Companies contacted include: Aetna, AIG, Allstate, Altria, Amazon, American Express, Apple, AT&T, Bank of America, Baxter, Best Buy, Boeing, Cardinal health, Caterpillar, Chevron, Cisco, Citigroup, Coca Cola, Colgate Palmolive, Costco, CVS Health, Delta, Dow Chemical, DuPoint, EMC, FedEx, Ford Motor, General Electric, General Dynamics, General Motors, Goldman Sachs, Google, HP, Home Depot, Honeywell, Human, IBM Ingram Micro, Intel, J&J, JPMorgan Chase, Lockheed Martin, McDonalds, McKesson, Merck, MetLife, Microsoft, Morgan Stanley, Oracle, PepsiCo, Pfizer, P&G, Prudential, Sears, Sprint, Starbucks, Target, Texas Instruments, United Continental, United HealthGroup, United Technologies, UPS, Verizon, Visa, Walgreen, Walt Disney, Walmart, Wellpoint, Wells Fargo. Trust this apparently comes down to us for common understanding and use from ancient languages. This is about where the money will be safer overall, and provide future value and opportunity for the providers of capital because there is great leadership in the board room and executive offices and resilience in crisis is being demonstrated. by Hank Boerner Chair & chief Strategist G&A Institute, Springtime comes to the USA and and the Northern Hemisphere countries with pretty flowers in bloom, trees budding, the onset of warmer weather. The Times quoted Kenneth Chennault: It should be clear that there is overwhelming support in Corporate America for the principle of voting rightsthese are not political issuesthese are the issues that we were taught in civicsAlso made clear: The CEOs, social influential and thought leaders including celebrities involved in the ad message effort were non partisan and not attacking individual states legislative efforts. People and organizations that every day in some way touch our lives. It really helped that the US Department of Labor leveraging ERISA statutes and rules reminded US institutional investors that their proxy was an asset and voting was a clear responsibility of the fiduciary-owner. 1, Courtesy of Wells Fargo multimedia resources, By signing up to receive our newsletter, you agree to our, Webinar The allocation reportingand the impact reportingwillbe based oncategory-level indicators. 2117 Source:GreenBiz Amidst the global COVID-19 crisis, there have also been glimmers of hope. Valeant pharma and drug pricing and alleged gouging. Subhead: A statement that defies the GOPs call to stay out of politics.The effort was organized by prominent Black business leaders including Ken Chennault, until recently the highly-regarded CEO of American Express, and Ken Frazier, the also-widely-admired CEO of Merck. More Disclosure by Fund Managers and Advisors May Be Coming, ESG from a Corporate Vantage Point Anniversary Update, The Working Womans Dilemma: A Look into Women in Corporate America, Emerging Trends in Electric Vehicle Industry, Interfaith Center on Corporate Responsibility. As we think about this, the questions posed in context (virus crisis all around) are:Why has sustainable investing gone mainstream? Some still around remember the ever-present at annual meeting Evelyn Davis, a Dutch Holocaust survivor with strong feelings and lots to say about how companies she invested in were being managed . The Board of Directors of Wells Fargo has clawed back $75 million in compensation from two former executives the CEO and the head of retail banking. Of course, Lou and I are humbled and proud to receive such honors. Johnson & Johnson. pirsch allianzgi 2020 Social Impact and Sustainability Highlights (PDF). Copyright 2022 Sustainalytics. by Hank Boerner Chairman, G&A Institute. https://mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com/docs/default-source/spos/wells-fargo-sustainability-bond-framework-second-party-opinion-(1).pdf?sfvrsn=a8d1ba98_1, EU Sustainable Finance Action Plan Solutions, Morningstar Sustainability Rating for Funds. More than $100 billion will go toward financing clean technology and renewable energy projects. American Airlines and JetBlue and United Airlines. When they were kids, siblings Kenneth and Leah Martinez loved their elderly next-door neighbors like extended family. T. They were often characterized as showmen (kicking up a storm at companies like Chock Full o Nuts and Mattel and other companies meetings.) Boards must put sustainability at the top of their agenda to thrive Vanguard. Wells Fargo kicked off its collaboration with The Mission Continues to empower veterans who have returned home through community service projects. Weve come a long way since the gay & lesbian communities mobilized and began in earnest their civil rights campaigns of the 1970s and 1980s and into the1990s. But as one crisis followed another the names are familiar Keating Five S&L scandal, Drexel Burnham Lambert and junk bonds, Tyco, Enron, WorldCom, Adelphia Cable, Arthur Andersen, the Wall Street research analysts debacle (Merrill Lynch et al),Lehman BrosandBear Stearns, Turing Pharmaceutics, on to Wells Fargo, Purdue Pharma and its role in the Opiod crisis over time, increasing numbers of investors began to seriously adjust they ways that they evaluate public companies they will provide vital capital to in both equities and fixed-income markets. The 2021 spring season of corporate proxy voting and then the voting at company issues to Fall 20231 will be closely followed by business media and of course, the global investing community. The nominations are now open theres information at: http://www.trustacrossamerica.com/cgi-bin/nominations.cgi. In proxy season 2021, the crisis stories of 2020 and earlier years continue as public dialogue at least in the form of shareholder requests / demands / expectations of the companies that are in the portfolio on important societal issues. And we see the names of these law firms: Akin Gump. Calvert looked at the 300 performance indicators that were provided by three key data and analytic providers that serve a broad base of institutional investors: Five umbrella categories were considered: There were items considered in the shareholders category, like accounting policies and board structure; employee workplace diversity and labor relations; customer, business ethics and product safety; planet; community; GHG emissions; human rights and supply chain. not responsible for the content, links, privacy policy, or security Stonewall became a rallying cry for the next installment of the continuing journey of the civil rights movement in the United States. The founder and guiding spirit is CEO Barbara Brooks Kimmel, who 10 years ago created the program and its proprietary FACTS Framework (used to measure the trustworthiness of more than 1,500 U.S. public companies). Lets take a look at how boards at some of the worlds leading companies have tackled this, How Can Boards Successfully Guide a Transition to Sustainable Business? The projects,selected based on the criteria defined in the Framework and their compliance with theWells Fargo & Companys Environmental and Social Risk policy,are reviewed by the Council on an ad-hocbasis. April 20 2021 Spring is in the air! In 2016 and in 2017, seven more professionals were added to the roster (each year), and now in 2018, there are eight professionals added. In banking the web site names Wells Fargo, Goldman Sachs, and JPMorgan Chase. The division lines in the USA are certainly clear, especially in politics and public sector governance, and we are seeing that corporate leaders are responding to their stakeholders expectationsof being a good corporate citizen. Wells Fargo last year became the last of the six largest U.S. banks to commit to achieving net-zero greenhouse-gas emissions by 2050 in its own activities, as well as client projects it finances. Wells Fargo & CompanysSustainability Bond Council (the Council) will be responsible for project selection and evaluation. Source:CECP During a recent CECP CEO Roundtable, current and former CEOs gathered virtually and shared insights from their perspectives on the business landscape. And so does an organization that has been identifying the Top Thought Leaders in Trust think that way: the Trust Across America / Trust Around the World (TAA/TAW, owned by Next Decade, Inc.). In 1988, Assistant Secretary of Labor Olena Berg reminded pension fund managers of the Avon Letter that posited that corporate proxies are a pension plan asset and should be taken seriously and voted on. That marked an 18.6% decrease from roughly $10.5 billion a year earlier. PayPal. Wells Fargo has kilowatt reddy taxes losers paying says energy corporations duke paid among zero tax atmosphere alliant shoesmith annual makes electric theperrynews phosphate Summing up the heart of the issue for investors (and corporate employees): Corporations must take the extra step to ensure consistent application of LGBT-inclusive workplace policies throughout their operations, regardless of location, said Wendy Holding, Partner, the Sustainability Group of Loring, Wolcott & Coolidge. ResponsibilityReports.com has over 11,387+ responsibility reports including sustainability reports, corporate social responsibility reports, csr reports, corporate responsibility reports, cr reports, citizenship reports, esg reports, and environmental reports online. Wells Fargo has increased its support for wildfire relief with a $3.25 million donation to the Butte Strong Fund, providing housing and small business recovery for those affected by the deadly Camp Fire in Northern California.