Ceos on sustainability

Share to Twitter Share to Linkedin There’s a lot of confusion in the marketplace regarding ESG (Environmental, Social, Governance) and Sustainable, sometimes known as SRI (Sustainable, Responsible, and Impact) investing. Many people think the two terms are interchangeable – I’m here to tell you that they aren’t. Blackrock BLK , Vanguard, and other big investment houses are simply capitalizing on the growing interest in values-aligned investing. In fact, they have invested a significant amount of money in marketing ESG to have you believe that they are the same. Environment, social, and governance metrics are data points that hypothetically deliver insight into how responsible a company is. The problem is that there is no standard by which companies are judged – and the metrics are constantly changing. A recent Bloomberg article questions MSCI’s MSCI ESG ratings, which is where large firms like those mentioned above get their data. The article … [Read more...] about ESG Investing Is Not Sustainable Investing

Share to Twitter Share to Linkedin The compensation of Family Office CEOs has jumped by a huge 133% in the last six years. In 2016, as part of the first Agreus Compensation Benchmark Report, we revealed that the most common salary belonging to CEOs sat between £150,001 and £200,000. By 2017 this had increased to £300,000 and now, the most common basic salary achieved by Family Office CEOs stands at £300,001 - £350,000. An increase of as much as £200,000 in just six years. In 2016, the average CEO salary stood at £165,000. Fast-forward to today and this average sits around the £200,001 to £250,000 mark. When considering the fact that just 6% of CEOs today are paid less than £100,000 and and a further 13% less than £150,000, you can imagine this figure is much higher in practice with 49% achieving way over £200,000 a year. This is particularly interesting when looking at national salary increases for the same time period. While Family Office CEO … [Read more...] about Family Office CEO Compensation Jumps By More Than 100%

PhonePe CEO Sameer Nigam (Image credit: Photo tweeted by @_sameernigam) Payments and financial services company PhonePe has clear plans to list on the stock exchanges some day and when ready the company will launch an initial public offering (IPO) in India, founder and CEO Sameer Nigam said. Speaking in an episode of CNN News18 ’s Bits to Billions, Nigam said that the company is also in the process of moving its registered entity from Singapore to India. Missed Bits to Billions? Watch it here: PhonePe Is Made In India, Will List In India: How Sameer Nigam & Rahul Chari Built A Unique Unicorn "We are moving our holding company to India, and we will list here. Our board has already signed off on it, it's just a matter of time now," he said. "We are a made in India company. Every office, data centre, and employee of ours is here. There is no reason why we should not contribute to wealth creation in this market." Close PhonePe's move to bring back its … [Read more...] about PhonePe is made in India and will list in India, says CEO Sameer Nigam

Paytm CEO Vijay Shekhar Sharma At a time when companies across the world are ordering employees to return to office, Paytm’s Vijay Shekhar Sharma is expounding the benefits of working from home. On Thursday, the Paytm chief announced that his digital payments platform will allow employees in tech, business and product roles to work from home or any location of their choice. This is a continuation of the remote working movement that began during the coronavirus pandemic. “We at Paytm allow you to work from home/anywhere for product, tech and business roles,” Vijay Shekhar Sharma wrote on Twitter alongside an animated video which contrasts the hectic routine of an office-going employee with the leisurely pace that is the luxury of those working from home. The Paytm founder and CEO encouraged job-seekers to visit the careers section of the Paytm website to look for current openings and “join the team that has revolutionised India’s payments for good.” We @Paytm … [Read more...] about Paytm to allow ‘work from home’ for these roles. See CEO Vijay Sharma’s tweet

The CEO of Dick’s Sporting Goods said the company would reimburse employees for abortion-related travel in a statement posted Friday to LinkedIn. Lauren Hobart, the CEO of Dick’s Sporting Goods, shared that the company would reimburse employees up to $4,000 for abortion-related travel in light of the Supreme Court’s decision to overturn Roe v. Wade. In addition, the proposition would extend not only to Dick’s employees, but also their spouses and dependents, according to her statement. “In response to today’s ruling, we are announcing that if a state one of our teammates lives in restricts access to abortion, DICK’S Sporting Goods will provide up to $4,000 in travel expense reimbursement to travel to the nearest location where that care is legally available. This benefit will be provided to any teammate, spouse or dependent enrolled in our medical plan, along with one support person,” Hobart’s statement read, in part. (RELATED: Biden Decries Supreme Court’s Decision … [Read more...] about CEO Of Dick’s Sporting Goods Says Company Will Reimburse Employees For Abortion-Related Travel Following Roe Reversal

Share to Twitter Share to Linkedin Parker Conrad, ex-Zenefits, is now worth $2.2 billion thanks to the success of his new HR software startup Rippling. His cofounder is also a billionaire. S ix years after his first HR startup Zenefits blew up, Parker Conrad’s redemption is complete. He’s now a billionaire–with a net worth of $2.2 billion, by Forbes estimates–in the wake of his new HR startup Rippling’s lofty valuation of $11.25 billion. Back in February 2016, Conrad had resigned under pressure from Zenefits, while the former unicorn retrenched and slashed its valuation by more than half under new leadership. But by April that year–after spending time at home, depressed and binge-watching Star Wars movies while the Securities and Exchange Commission and state insurance commissioners opened investigations into his former startup–he was back with a new HR software startup, Rippling. He was filled with ideas for how to do things better this … [Read more...] about Fallen Unicorn CEO Is Now A Billionaire

- A + A (June 25): Just days after saying Singapore is “brutal and unrelentingly hard” on bad behaviour in the crypto industry, Sopnendu Mohanty, the chief fintech officer of the city’s regulator, struck a cordial tone. Mohanty, in a LinkedIn post summarising his thoughts from the Point Zero Forum in Switzerland, commended the leadership of some of the biggest firms in the sector. “Leaders from the crypto/token space (Binance, Crypto.com, Ripple and others) are fully committed to building a secure and sustainable innovation solving real problems, and identifying real-economy opportunities,” said Mohanty of the Monetary Authority of Singapore (MAS). “It is heartening to see the clarity among chief executive officers (CEOs) on the need to create a responsible and compliant industry. The future is on the right path.” Mohanty’s praise comes as the digital currency market continues to spiral downwards following a broad-based sell-off in digital assets and the collapse … [Read more...] about Singapore regulator praises leaders of crypto firms like Binance

Beer giant Carlsberg is set to conduct its biggest trial in a bid to launch its fibre beer bottle across Europe. Eight thousand of the group's new bottles - all completely recyclable - will be sampled by customers in eight markets across the continent including the UK, Poland and France. The bottle has been made with wood-based fibre shell and contains a lining made of a plant-based Polyethylene Furanoate (PEF) polymer. Carlsberg said the materials can all be recycled and claimed it will retain the beer's "taste and fizziness" against the same product in glass bottles. Carslberg's new offering could potentially stay colder for longer compared to its glass and can counterparts too due to the fibre exterior, the company claimed. Stephane Munch, vice president for group development at Carlsberg, described the product as a "great achievement" and said the company will continue to work with partners Avantium, who specialise in renewable chemistry and developed the polymer lining, … [Read more...] about Beer giant to trial completely recyclable fibre beer bottle across Europe

The research firm ICICI Securities believes earnings of apparel brands and retail companies under their coverage may surprise positively from Q3FY22E as the likely demand recovery may result in better than expected margin performance. Some of the costs savings achieved during pandemic may sustain and coupled with high operating leverage may lead to higher than pre-covid margins from Q3FY22E.  Stocks like Trent, V-Mart and Aditya Birla Fashion and Retail are the preferred picks backed by their strong and consistent track record of execution. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Prabhudas Lilladher's research report on Nazara Technologies We hosted Mr Manish Agarwal, CEO of Nazara Technologies for a NDR recently. Management indicated that Battle Grounds Mobile India (BGMI) Master Series IP which is to be telecast on … [Read more...] about Buy Nazara Technologies; target of Rs 1813: Prabhudas Lilladher

Infy's market cap after peaking at $110 billion in January is around $79 billion now, more than double what it was when Salil Parekh took charge. By approving a mega-compensation package for Salil Parekh, its CEO for the last four-and-a-half years, Infosys isn’t just rewarding his performance but also correcting a historical wrong. In 2017, Parekh was brought in after the messy exit of previous CEO Vishal Sikka. Through all the sparks that flew in the months leading up to the eventual transition, it was Sikka’s high salary that was the bone of contention. The fact is, notwithstanding co-founder NR Narayana Murthy’s disagreements with Sikka over the issue, the company’s investors clearly were impressed with his performance, enough for its share price to rise 26 percent in the three years that he was at the helm. Nor was this part of a secular rise in IT stocks. During that period, Infosys was the outperformer in the stock market with shares of the other four Indian IT companies … [Read more...] about Salil Parekh’s salary is merely a reflection of Infosys’ performance