Activist hedge funds/shareholders could push companies to become environmentally sustainable
By Hicbd
Thu Jun 3 2021 9:59 am
"In a May 26, 2021 vote, Exxon shareholders approved at least two of the four board members Engine No. 1 nominated, dealing a major blow to the oil company...As business sustainability scholars, we can’t recall another time that an energy company’s shareholder – particularly a hedge fund – has been so effective and forceful in showing how a company’s failure to take on climate change has eroded shareholder value."
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