Eons ago as then-existent forms of life on Earth died off, decomposing remains became fossils…or relevant to current “heated” conversations about the future of energy, the stuff of today’s “fossil fuels.” Coal, crude oil, natural gas. As National Geographic explains for us, these fuels found in the Earth’s crust contain important amounts of carbon and hydrogen, which can be burned to create the energy we need in our modern times.
The Biden-Harris Administration continues to roll out details of new, proposed or adjusted policies, rules, programs, federal government financing plans (budgeting) and various actions to address what the leaders characterize as “the climate crisis”.
Business and financial activities in “APAC”, the Asia / Pacific Basin Region are vital to the economies of the rest of the world. Think of the region’s leading sovereign economies…in order of magnitude, consider the impact of the economies of China, Japan, India, South Korea, Australia, Indonesia (these are the top economies).
P/E world: Private equity firms often have a pool of companies wholly owned or invested in and managed and advised by them in portfolio …this is the ambitious domain of the private equity (P/E) universe.
The leading publicly-traded P/E leaders are familiar names to institutional investors: Blackstone (NYSE:BX), The Carlyle Group (NASDAQ:CG), Apollo Global Management (NYSE:APO), and Kohlberg, Kravis Roberts (NYSE:KKR). There also well-known P/E companies not publicly-traded such as TPG Capital and Bain Capital (which owns, invests in and advises portfolio entities).
A small pebble dropped into a pond will send out ripples that carry across the stretch of water, bouncing off the opposite shore and sending waves back. “Ripple effect” is something we hear often as a business metaphor. We are focused today on the powerful ripple effect of carbon emissions through the economy, through a company’s global supply chain, and on through the regulatory universe as more governments take up pricing schemes on emissions, and so on.
A highlight of the numerous celebrations of the 2021 Climate Week / Earth Day around the world was the hosting of a “global summit” of leaders from 40 nations and sub-governments, the investment community, the corporate community, NGOs, and advocates, the E.U., multilateral organizations, indigenous communities, and others – hosted by the United States of America.
Yes, this is Climate Week, being observed just about everywhere on this precious Blue Orb floating in space. The varied observations are “surrounding” the now-50-plus-one years of celebrating Earth Day in midweek. (US Senator Gaylord Nelson of the State of Wisconsin back in April 1970 was the moving force behind the first Earth Day in the United States of America.)
Springtime comes to the USA with the pretty flowers in bloom, trees budding, the onset of warmer weather -- and asset owners and their managers participating willingly or reluctantly in the peak months of corporate proxy voting season. Typically, the corporate issuer develops the resolution(s) for voting by the shareholder base – for example, election of nominees for the board and approval of the outside auditing firm. And then… there are the resolutions prepared by the shareholders, usually not to executives liking.
Buzz… Buzzz… Buzzzzz! The current buzz among key stakeholders – investors, corporate boards & management, NGOs, government regulators, stock exchanges, ESG raters & rankers, ESG corporate disclosure standards and frameworks managers – is centered on “Quo Vadis”…where do we go from here!