Summary
Technology is one of the key levers used by companies to manage their operations more sustainably. Led by the largest global corporations, Indian IT companies are announcing several deals in this area. However, they are facing questions about their own operations.
In May, Engine No. 1, a six-month-old hedge fund with a small stake in ExxonMobil, managed to get its two candidates elected to the board of the oil and gas giant. The fund’s ultimate goal was to push Exxon to move away from fossil fuels and to invest in clean energy. Exxon’s defeat in a months-long proxy battle with the activist hedge fund came as a wake-up call for the corporate world. After the development, many companies
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