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Women who make it to top executive roles are often more talented than their male counterparts, an explosive new study by S&P Global Market Intelligence's Quantamental Research finds.
In this week's newsletter we also look at how companies in the study with female CFOs outperformed their sector average, while those with a woman in the CEO role saw stock price momentum outpace companies run by men.
And we dig into the surprising environmental costs of artificial intelligence. The energy consumption required to train several common large AI models can emit over 626,000 pounds of carbon dioxide. Our Chart of the Week puts that number in context.
Chart of the Week
Study: Female execs generated higher profit, stock price returns than male peers
Russell 3000 companies with female CFOs generated $1.8 trillion more in gross profit than their sector average from year-end 2002 through May 31, 2019, according to a new analysis by Quantamental Research, a division of S&P Global Market Intelligence.
AI's large carbon footprint poses risks for big tech
The larger the AI model, the more energy it consumes. Industry experts say big tech must ramp up its sustainability efforts to avoid putting companies' reputations at risk.
Dominion must significantly cut emissions to meet Va. energy goal
Power plants owned by Dominion Energy Virginia were responsible for more than 23 million tons of carbon dioxide emissions in 2018, according to data from S&P Global Market Intelligence. The company plans to reduce carbon emission from its power plants by at least 80% between 2005 and 2050.
Industry must bolster for long-term role of US gas, BP exec says
JPMorgan official says ESG risks are becoming a cloud over US energy sector
Brexit diverting UK 'political firing power' away from climate change
Diversity and inclusion seen as key to cultural change in asset management
Tech giants keep lead, Facebook bows out of top 10 in latest brand value report
Facebook commits $1B for California housing
UK regulator sets out new guidelines on climate change disclosures
German financial sector wants more say on government's sustainable finance plan
Legislative efforts to promote M&A a recurring theme at annual water conference
Annual Forum on Green Finance and Investment
The Organization for Economic Co-operation and Development
U.S. and Global Economic Outlook: Trade, Technology and ESG
The SRI Conference and Community
Colorado Springs, CO
KBRA ESG Conference
Kroll Bond Rating Agency
New York, NY
New York, NY
RI New York 2019
New York, NY
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