Seeking Alpha (August 20)
“Harley-Davidson (HOG) is the latest corporation to back away from DEI initiatives following a backlash kickstarted by activist and political commentator Robby Starbuck. An online campaign against the 120-year-old motorcycle company accused the firm and its CEO, Jochen Zeitz, of embracing a ‘woke agenda of the very far left’ that does not align with the business’s core customers. It follows similar campaigns against Deere (DE) and Tractor Supply (TSCO), which both shelved their DEI protocols earlier in the summer.”
Tags: Activist, Align, Backlash, Campaigns, CEO, Core customers, Deere, DEI initiatives, Harley-Davidson, Kickstarted, Shelved, Woke agenda
Institutional Investor (March 25)
“Activist approaches may gain ground as investors get pragmatic about fossil fuel companies. Asset managers like Engine No. 1 argue that holding companies accountable for net-zero goals is a better route to change than divesting.” Its new ETF will target companies with “plans and products in place to handle the changing climate and the dwindling supply of natural resources. This also means that the portfolio will end up invested in some of the most polluting companies, including General Motors, Ford, Canadian Pacific Railway, and Deere.”
Tags: Accountable, Activist, Asset managers, Canadian Pacific, Changing climate, Deere, Divesting, Dwindling supply, Engine No 1, Ford, Fossil fuel, GM, Investors, Natural resources, Net zero, Portfolio
