The wages of fear

Runaway fuel and food prices, and the Covid-19 pandemic, have pushed many people closer to the brink of destitution over the last two years. The climate crisis is also negatively impacting working conditions for millions of people around the globe. Low-income outdoor workers, such as those employed in agriculture or construction, are especially vulnerable to […]

The modern meal deal: a constant craving

Our global food systems are dysfunctional – obesity has nearly tripled since 1975, yet undernutrition and micronutrient deficiencies remain. In developed countries, unhealthy, ultra-processed food can be cheaper than healthy, raw ingredients, while Russia’s invasion of Ukraine has sparked food price inflation that is squeezing household budgets around the globe. However, the growing demand for […]

Why companies need a just transition plan

The importance of aligning with the Paris Agreement to help limit global heating is widely understood, but few realise that considering the social impact of the net-zero transition is part of this. Yet the sweeping systemic change needed to address the climate crisis will only be achieved by ensuring that those most negatively affected are […]

Public Engagement Report, Q2 2022

Fast Reading Why companies need to step up scrutiny of their supply chains What oil and gas producers and pipeline operators should be doing to curb wasteful and harmful methane emissions How shareholder proposals on social issues dominated this year’s voting season Runaway fuel and food prices have pushed many people closer to the brink […]

EOS Stewardship Report 2021

EOS at Federated Hermes publishes Stewardship Report 2021. Monitoring engagement outcomes is crucial, to ensure that our approach is effective and achieving the desired results. This year’s report includes expanded sections on our diversity, equity and inclusion approach, and on how we are responding to market-wide and systemic risks. As a service provider, we contribute […]

LyondellBasell case study

View of factories at dusk

Fast reading We welcomed the company’s release of its climate strategy, setting a Scope 1 and 2 net-zero ambition for its global operations. We continue to engage with LyondellBasell on its pathway to net zero including Scope 3 emissions and climate lobbying. EOS has engaged with the multinational chemical major, LyondellBasell Industries NV (LyondellBasell), on […]

Petrobras case study

Petrostation on the ocean

Fast reading We discussed the effectiveness of Petrobras’ new framework, especially the conglomerate audit committee, currently covering 15 of Petrobras’ subsidiaries. We gained assurance that the improved governance of subsidiaries has led to better oversight on nomination, compliance and audit, as well as improved operational efficiency at the subsidiary level. Petrobras is one of the […]

Creating value by addressing social injustice

People shaking hands

Social injustice occurs when people do not have access to the same rights and opportunities afforded to others, due to race, ethnicity, gender, sexuality, religion, disabilities or other characteristics. Examples include inequitable access to employment, education, housing, health services and finance; negative stereotypes; and poor and marginalised communities’ greater exposure to pollution and climate change. […]

The digital dilemma

Woman in a 3D googles

The powerful internet communications and technology (ICT) sector has had significant transformative effects on other sectors and people’s daily lives. But in addition to the positive impacts, such as increasing access to information and services, this has led to unexpected harms and new challenges. These include the spreading of hate speech and the dissemination of […]

Litmus test for chemical sector decarbonisation

Litmus test paper

Chemicals are essential inputs for many industries, with chemical use pervasive and entrenched in the modern world. But like the steel industry, the chemical sector is considered “hard-to-abate”, meaning that the solutions to reduce emissions are either technically challenging, prohibitively expensive, or both. Decarbonisation of the energy sources used to generate the heat, steam and […]