The votes are in. Exxon shareholders elected three directors backed by an activist shareholder who called for a stronger approach in the oil giant’s response to climate change. It’s the first proxy campaign at a major US company where directors were the target and climate change was the issue. Anne Simpson of CalPERS, which backed the rival directors, said the vote was a “day of reckoning”…

History has a way of repeating itself, particularly in finance. In the last financial crisis a dozen years ago, banks received taxpayer-backed bailouts and paid hefty bonuses to their executives. The uproar was loud and lasting. Now Wall Street seems poised for a repeat, after a massive federal coronavirus stimulus and a liquidity jolt from the Fed fattened the banks’ bottom lines and their bonus reserves.

IR Magazine talks with G+P’s Richard Mahony about the state of climate disclosure in the United States and the growing influence of the Task Force on Climate-related Financial Disclosures (TCFD). Listen to The Ticker podcast to hear their discussion.