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Cook ESG Research develops customized data-driven decision tools that make sense of large volumes unstructured corporate disclosure

At BP’s 2015 Annual General Meeting (AGM), 4.12% of the company’s investors either ‘abstained’ (2.4%) or voted ‘against’ (1.72%) a resolution to better disclose carbon risk. The remainder (96%) got the publicity for supporting the resolution, as the board (in a move of alignment with resolution filers) recommended. But as we approach the 2016 voting […more…]

In November the New York Attorney General’s Office announced a settlement with Peabody Energy (BTU), the world’s largest coal producing company, after a two-year investigation showing that the company repeatedly misled investors and the public about the risks of climate change to its business. Internally, it had calculated projections showing dire consequences for its business […more…]

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“Some have learnt many Tricks of sly Evasion, Instead of Truth they use Equivocation.” – Benjamin Franklin (‘Firm Resolve’) When oil and gas companies talk climate science they choose their words carefully. Replete with qualifiers and boilerplate statements, the vacuous language S&P 500 oil and gas companies use to address climate risk, even as recently as […more…]

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COP 21 represents the first formal squeeze on the global carbon budget – and, as time goes by, the grip is set to tighten.  What does this mean for shareholders of oil and gas companies? Part – the biggest part – of the answer to this question is the link between market capitalizations of oil and […more…]

elephant in the 10K

Large US oil and gas companies are not adequately disclosing to their investors the risk that a portion of their carbon-based assets could be left stranded. Boston-based sustainability organization, Ceres, in collaboration with CookESG Research, recently launched a new version of its online Securities and Exchange Commission (SEC) Sustainability Disclosure Search Tool, providing users with […more…]

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Much of the valuable information that companies communicate to their shareholders about their ESG performance and the social and environmental risks facing the business lie not in the tagged financials nor even in the structured tables and graphs embedded in annual reports, but rather in the paragraphs that flow around the numbers and figures. For […more…]

This year saw a record high in mutual fund support for climate-related resolutions tracked by Ceres (Mutual fund companies show record high support for climate change shareholder resolutions). Voting records show that mutual funds voted favourably 29% of the time in the 2013 proxy season, an all-time high for the annual survey conducted by Ceres […more…]