UK pensions to pioneer mandatory climate change reporting UK pensions are set to be the first in the world to be legally required to assess, and rectify, their exposure to climate change risk. An amendment, including reporting requirements in line with the Task Force on Climate-related Financial Disclosures (TCFD), has been tabled to form part […]
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Shareholders lack confidence to hold companies to account Large swathes of shareholders are not voting on company resolutions because they do not believe their vote will make a difference, a report has suggested. The astonishing finding, from a poll conducted among 1,000 investors by The Share Centre, found that some investors were also unaware of […]
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French proposals to curb shareholder activism spark debate The French government has been criticised for publishing a report suggesting a crackdown on shareholder activism. The report, published at the end of last year, comes as shareholders keenly anticipate how different EU jurisdictions will negotiate capital market issues in the post-Brexit era. Following several high-profile shareholder […]
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ESG ‘Greenwashing’ represents a real and growing threat in the sustainable investment arena, and as such asset owners should be on their guard against it, according to Julia Dreblow of SRI Services. ‘Greenwashing’ is where asset managers (or their marketing departments) allege responsible and sustainable investment credentials for a particular fund, product or approach for […]
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Industrial companies largely ignoring climate risks The world’s largest industrial companies have been warned they have been “too slow” in curbing their carbon emissions. The warning comes as a major report reveals less than a fifth of these high-emitting corporations are on track to meet the critical 2°C global warming target set by the Paris […]
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Investors up in arms over SEC climate proposals SEC chairman Jay Clayton has again come under fire for failing to go far enough on climate disclosures, as the regulator pushes to give company bosses yet more control over the information they divulge to investors. SEC commissioner Allison Lee, an experienced securities law practitioner, spoke out […]
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UK reporting watchdog issues diversity warning The majority of the UK’s leading companies are failing to act on boardroom ethnic diversity, a major report by the Financial Reporting Council (FRC) reveals. The report, which reveals most of the FTSE 350 do not set measurable ethnicity targets, has fuelled concerns that companies will fail to meet […]
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Whilst asset owners’ approach to ESG has been slowly shaped by regulatory and best practice influences over time, we have now reached the point that inaction on the topic is no longer possible, according to Sarah Wilson, Minerva’s Chief Executive. At Minerva’s recent ESG Educational Event in London, Sarah addressed the topic of ‘ESGvolution’, looking […]
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More than a fifth of FTSE 350 companies faced significant shareholder dissent in the 2019 AGM season – with executive pay and directors’ elections topping the list of investor discord. The shocking findings, from data gathered by the Minerva Analytics and the Pensions and Lifetime Savings Association, should make for uncomfortable reading for many UK […]
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The Church of England’s three National Investing Bodies (NIBs) have become the latest investors to join the UN’s Net Zero Asset Owner Alliance – taking the alliance’s total assets under management to more than $4.3 trillion. In joining the coalition, the Church’s three entities – the Commissioners for England, the Church of England Pensions Board […]
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