Sustainability Archives

Shareholders urged to link executive pay at oil companies with climate change risks

UK investment campaign group ShareAction has urged investors to use the binding votes on remuneration policy at BP and Shell in 2017 to ensure the oil majors can demonstrate their commercial strategies are aligned with a move to a low …

FTSE 100 improves carbon reporting and boosts commitment to green energy survey finds

Communications firm BT has topped the rankings of Carbon Clear’s assessment of FTSE 100 company’s carbon reporting for the third year running.

The carbon advisory service’s survey scores the companies based on their monitoring, reporting and verification; their carbon strategy; …

Investors target food companies to urge encouragement of plant-based protein production

Forty institutional investors, including Coller Capital, three Swedish state pension funds, Aviva, Nordea and Robeco have launched an engagement with 16 multinational food companies highlighting the material risks posed by industrial animal production. The coalition, which together manages $1.25 trillion …

UK’s public pension funds boosted by new ESG investment guidance

Responsible investment advocates have welcomed the government’s Local Government Pension Scheme guidance which provides a less prescriptive framework for investing as part of the requirement for local authorities to prepare their own investment strategy statement.

The guidance is to enable …

ShareAction calls for institutional investors to do more to address UK poverty

Institutional investors must do more to reduce in-work poverty and improve the quality of work in the UK’s private sector, according to a report published by ShareAction. The report evaluates the potential of investor-led strategies to address inequality and protect

PRI launches guide for institutional investors to integrate ESG strategies

The United Nations-led PRI (Principles for Responsible Investment) has published a guide which it said is the most comprehensive description to date of what ESG (environmental, social and governance) -integrated analysis is, and which explains how it works in practice.…

US SEC seeks views on sustainability & governance reporting

The US Securities & Exchange Commission is consulting on whether the current business and financial disclosure requirements that form part of Regulation S-K continue to provide the information that investors need to make informed investment and voting decisions.

The SEC …

Sports Direct AGM turmoil looms

Besieged retailer Sports Direct has responded to further criticism of its governance practices. This time it is the poor standard of its board evaluation procedures which Manifest’s recent AGM report has flagged as a clear breach of the UK Governance …

RI guidance for DC pension schemes attracts widespread welcome

The UK’s Pension Regulator’s new code of practice for occupational trust-based defined-contribution (DC) pension schemes and the publication of six ‘how to’ guides to give comprehensive guidance to trustees has been warmly welcomed by a number of responsible investment groups.

Investors & companies “in the dark over value of the workforce”

Understanding the value of a company’s workforce is important for investors, and companies should improve their reporting on this and be able to link this reporting to their wider company strategy and business model, according to the Pensions and Lifetime …