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Norwegian opposition complicates Musk's path to $1 trillion pay deal
Yahoo Finance· 2025-11-04 21:38
By Terje Solsvik and Ross Kerber OSLO / BOSTON (Reuters) -Norway's sovereign wealth fund, Tesla's sixth-largest outside investor, said on Tuesday it would vote against ratifying a proposed pay deal for CEO Elon Musk potentially worth $1 trillion. Musk's pay package is still seen as likely to win, given broad investor support in the past and the backing Tesla enjoys from its large retail shareholder base. Laws in Texas, where Tesla moved its headquarters last year, allow Musk to vote his own large stake, ...
EBC Financial Group Launches World's First Trading Initiative to Protect the Amazon with Every Trade
Globenewswire· 2025-10-24 02:25
Core Insights - EBC Financial Group has launched the "Protect the Amazon with Every Trade" program, marking a significant step in linking trading activities to environmental conservation in Latin America [1][4][7] - The initiative aims to mobilize private capital for Amazon conservation, addressing both environmental needs and business requirements in the regions where EBC operates [4][7] - The program aligns with the growing trend among younger investors, particularly Gen Z and millennials, who prioritize environmental and social values in their investment choices [3][4] Company Overview - EBC Financial Group is a global financial brokerage and asset management firm, operating across major financial jurisdictions including the UK, Australia, and the Cayman Islands [8][9] - The company is recognized for its commitment to transparency and has received multiple awards for its trading platform and trustworthiness [9] - EBC's mission includes adding value to clients while creating a positive impact in communities, which is reflected in its new conservation initiative [7][8] Environmental Impact - The Amazon rainforest, covering 6.7 million square kilometers, is crucial for global climate stability and biodiversity, housing approximately 10% of known species [5][6] - EBC's program is designed to contribute to the preservation of the Amazon, which is vital for maintaining carbon sinks and combating climate change [4][6] - The initiative is part of a broader movement to integrate climate considerations into capital markets, emphasizing the importance of environmental stability for financial markets [7]
World’s biggest pension fund puts impact investing on the agenda
Yahoo Finance· 2025-10-05 15:24
Core Viewpoint - Japan's $1.8 trillion Government Pension Investment Fund (GPIF) is considering a shift towards impact investing, prompting a broader adjustment among the country's money managers [1][2]. Group 1: Impact Investing Adoption - The GPIF opened the door to impact strategies in March, leading at least four other Japanese pension funds to update or revise their investment policies [2]. - Asset managers are adjusting their approaches to align with the growing demand for impact strategies from pension funds [2]. Group 2: Government Support and Societal Challenges - The Japanese government supports the shift towards impact investing as a means to address real-world challenges, including an aging society and low gender equality rankings [3]. - Japan ranked 118th out of 146 countries in a gender-equality review last year [3]. Group 3: Economic Growth and Investment Focus - GPIF President Kazuto Uchida believes that targeting environmental and social goals through investments will ultimately lead to economic and capital market growth [4]. - Impact investing in Japan is expected to focus on areas such as climate, healthcare, wellbeing, and inclusivity [6]. Group 4: Measurement and Framework - Impact investing aims to achieve both profit and social/environmental outcomes, utilizing standardized impact measurement frameworks [7]. - The United Nations' 17 Sustainable Development Goals serve as a roadmap for deploying capital in impact investments [7].
Turkcell Named Among World's Best Companies by TIME
Businesswire· 2025-09-10 20:13
Group 1 - Turkcell has been named to TIME's list of World's Best Companies 2025, highlighting its recognition in the global market [1] - The evaluation covered over 200,000 participants across 50 countries, indicating a comprehensive assessment process [1] - Companies were assessed based on employee satisfaction, revenue growth, and ESG (environmental, social, and governance) performance [1]