Benedictine Sisters

EXXON SHAREHOLDERS TO VOTE ON REPORT ON THE IMPACT OF THE ENERGY TRANSITION ON ASSET RETIREMENT OBLIGATIONS

Retrieved on: 
Thursday, May 25, 2023

CHICAGO, May 25, 2023 /PRNewswire/ -- Christian Brothers Investment Services, Inc. (CBIS), a leading investment management firm and Registered Investment Advisor to Catholic investors around the world, today announced that a shareholder resolution co-led by the company and Legal & General Investment Management (LGIM) will go to a vote at the Exxon Annual General Meeting on May 31, 2023.

Key Points: 
  • On May 19, Reuters reported that proxy advisor Glass Lewis backed the initiative, concluding Exxon could face material financial risks from the net-zero scenario.
  • Last year, a majority of Exxon's shareholders voted for a CBIS resolution seeking an audited report assessing the financial impact of the IEA NZE assumptions, including future asset retirement obligations.
  • According to John Geissinger, CBIS' Chief Investment Officer, Exxon's disclosures still fail to provide investors sufficient insight into how retirement costs might accelerate and how large those costs might be.
  • "Investors have demonstrated their concerns about the potential impacts of the energy transition on Exxon, particularly in cases where the company has an obligation to retire an asset but records no costs on the balance sheet today," says Geissinger.

Saints Serve - Thomas More University’s Day of Service to the Community – The Numbers Are In.

Retrieved on: 
Thursday, October 7, 2021

Established as an opportunity to celebrate Thomas Mores centennial anniversary , Saints Serve embodies the mission of the Universitys community to serve.

Key Points: 
  • Established as an opportunity to celebrate Thomas Mores centennial anniversary , Saints Serve embodies the mission of the Universitys community to serve.
  • D., What an amazing endeavor.as Thomas More University Saints we understand an essential part of fulfilling our mission is developing a commitment to service.
  • Saints Serve was an opportunity for all Saints to live our mission through action, by partaking in a day of giving, volunteering, and service for those in need.
  • The University is grateful for all the work these organizations do for our community, appreciated the invitation to serve, and learn from our community service leaders.