Large companies, including asset manager Franklin Templeton and web-services provider Akamai Technologies Inc, joined an effort on Thursday to defend sustainable investment practices from a backlash by U.S. Republican politicians. The signatories pledged they were "wholly committed to sustainability and addressing the financial impacts of climate change" and called on policymakers to "protect the freedom to invest responsibly". Pressure is mounting from many sides ahead of decisions including long-anticipated guidance for companies' climate-related disclosures, which the U.S. Securities and Exchange Commission is due to issue possibly as early as next month.
Large companies, including asset manager Franklin Templeton and web-services provider Akamai Technologies Inc, joined an effort on Thursday to defend sustainable investment practices from a backlash by U.S. Republican politicians. The companies signed a statement that also drew backing from leaders of major pension funds in Democratic-leaning states New York and California, and religious and progressively-minded investors. The signatories pledged they were "wholly committed to sustainability and addressing the financial impacts of climate change" and called on policymakers to "protect the freedom to invest responsibly".
Key Insights Akamai Technologies' estimated fair value is US$98.18 based on 2 Stage Free Cash Flow to Equity Akamai...