A new rating has been added to ISS’ proxy reports that’s focused on climate awareness. This article highlights key components of the scorecard and its impact for issuers.
Navigating how your company is rated based on environmental, social, and governance (ESG) factors is already standard practice for many issuers. While it’s likely that you are still working to understand the various existing ESG ratings, including the Environment and Social QualityScores that first appeared last year in Institutional Shareholder Services’ (ISS) proxy reports, be prepared — yet another rating is coming your way. In fact, some investors subscribing to ISS will begin to see a Climate Awareness Scorecard in certain ISS reports for upcoming annual meetings.
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