Why Engine No. 1’s Victory Is A Wake-up Call For Exxonmobil And Others - Knowledge@wharton

by knowledge.wharton.upenn.edu posted 1month ago 4 views
Companies that fail to convincingly address social or environmental risks face erosion of business valuation, says Wharton’s Witold Henisz. : Over the past two weeks, activist hedge fund investor Engine No. 1 scored a victory for the climate change movement by wresting three board seats at ExxonMobil with the support of the “Big Three” institutional investment firms BlackRock, Vanguard, and State Street.

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