HSBC shareholders urge bank to cut exposure to fossil fuels

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 […]

Read More
Asset managers are avoiding ESG shareholder resolutions

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 […]

Read More
Edelman: ESG key to rebuilding investor trust post Covid-19

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 […]

Read More
Speed needed on financial impact of climate change disclosure

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 […]

Read More
UK pensions sector gets closer to adopting stronger ESG rules

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 […]

Read More
Consumer groups slam attempt to delay SRD II

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 […]

Read More
asset owners climate change

Investors need courage of their ESG convictions Asset owners must have the courage of their convictions to push forward with ESG policies – particularly when relevant data is hard to come by. That was one of the overarching messages from a panel hosted by Minerva Analytics’ Sarah Wilson at the first Responsible Asset Owners Global […]

Read More
UK pensions sign up to cost disclosure initiative

Major UK pensions sign up to cost disclosure initiative Ten of the UK’s biggest pension schemes have written a joint letter publicly announcing their commitment to the Cost Transparency Initiative. Launched in November 2018, the Initiative encourages asset managers to report their costs and charges in a standardised format to help institutional investors access and […]

Read More