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The True Price of Carbon (Project Syndicate, 4 min read) By treating carbon as an asset (with an increasingly negative payoff) and treating the discount rate as an output, a new carbon-economic model suggests a carbon price of at least $100 per ton.
Apple Investors Say No to ESG-comp Proposal (Corporate Secretary, 4 min read) Apple
shareholders voted resoundingly against a proposal to link executive pay directly to ESG metrics at the recent AGM. The Board had recommended the proposal be voted against on the basis it already issues annual supplier and environmental responsibility reports.
Catching The First U.S. Wave Of ESG Investment: Lessons Learned And Challenges Ahead (Jones Day, 2 min read) A drive for innovation, greater need for public-private partnerships, too much focus on limitations from unstandardized ESG metrics and a clash with passive investing are the main trend in the fast-growing ESG investment.