Republican attorneys claim asset managers are breaching fiduciary duties September 6th, 2024 A group of 24 Republican attorneys has raised concerns about whether American asset managers are violating their fiduciary duties by outsourcing voting on environmental proposals to proxy advisors. In a letter to America’s largest asset managers, the coalition, led by Montana Attorney General […]
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The Net-Zero Asset Owner Alliance (NZAOA) has warned that asset owners would only be able to meet their clients’ net zero aspirations through climate stewardship.
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Asset managers are failing asset owners on stewardship December 1st, 2023 The UK Asset Owner Stewardship Review has found considerable misalignment and misunderstanding on stewardship issues between asset owners and asset managers. The review is based on findings from the UK Asset Owner Roundtable from asset owners and managers, which including a range of high-profile […]
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Some of the biggest UK asset managers have withdrawn their support for a shareholder resolution to cut carbon emissions.
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Investors file resolution calling on bank to publish strategy and targets Some of Europe’s biggest pension funds and asset managers have filed a shareholder vote urging HSBC to cut its lending linked to fossil fuels. Fifteen institutional investors with a combined $2.4trn in assets under management, along with 117 individual shareholders, have filed a climate […]
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Asset managers are avoiding ESG shareholder resolutions The biggest shareholders need to lead on proxy voting and public engagement, a leading NGO says. Some of the world’s largest asset managers are not using their proxy voting rights to support sustainable progress in their investee companies, despite publicly committing to responsible investment. Responsible investment NGO ShareAction […]
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Edelman: ESG key to rebuilding investor trust post Covid-19 ESG criteria still championed by investors despite retrogressive attitude from policymakers Environmental, social and governance (ESG) will play a crucial role in rebuilding trust between companies and the investment community, the latest Edelman Trust Barometer has found. This comes after suggestions ESG was temporarily deprioritised by […]
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Speed needed on financial impact of climate change disclosure Asset owners and their managers need to encourage more companies to disclose the financial impact of climate change on their businesses using an internationally recognised code, according to a new report. The Task Force on Climate-related Financial Disclosures (TCFD), established by the Financial Stability Board, said […]
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Investors to fund firms: “No ESG, no money” A group of major pension funds has written a no-ifs-and-buts letter to asset managers and companies warning that firms who fail to consider the impact of ESG risks are no longer “attractive” for investments. The letter – signed by three big pensions funds including the California State […]
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Large fund group votes stymying ESG resolutions Some of the world’s largest fund groups voted against nearly 90 per cent of ESG-related shareholder resolutions in 2019, despite overall investor support for these proposals climbing in the past five years, a report by Morningstar reveals. The report, titled ‘Proxy Voting by 50 US Fund Families’, examined […]
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