GPIF scales up stewardship expectations

Japan investors flex muscles in 2021 proxy season


October 1, 2021

Investors in Japanese listed companies pushed boards on director independence, diversity, and climate change in this year’s proxy voting season, according to a new review.

In a newsletter distributed …

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Toshiba chairman ousted over governance scandal


July 9, 2021

Japanese electronics giant Toshiba’s chairman has been ousted from his role by shareholders at the company’s AGM held on 25 June.

The vote, prompted by the outcome of an independent probe, …

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MUFG

23% of shareholders backed a resolution to align MUFG with the Paris Climate Agreement


July 2, 2021

Mitsubishi UFJ Financial Group (MUFG) shareholders have defeated a proposal to better align the business with global climate change targets, but the 23% …

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Shareholders call on Congress to drop SEC ESG changes


30 April, 2021

A coalition of almost 200 US shareholder groups has launched a campaign to overthrow new SEC rules that they claim are an “an attack on corporate democracy”. 

The …

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BlackRock ups the pressure on Exxon Mobil

BlackRock ups the pressure on Exxon Mobil

BlackRock has shown it can get serious with portfolio companies, this week cranking up the pressure on Exxon Mobil by voting against the re-election of several of the company’s leadership team.

Citing insufficient …

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Australian energy giant rocked by shareholder rebellion

Santos, one of the largest oil and gas producers in Australia, has suffered a huge revolt by shareholders over its strategy on climate change.

At last week’s annual investor meeting, over 43% of Santos shareholders defied the board and …

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Barclays

Major investors demand change at Barclays

A group of investors has filed a landmark shareholder resolution with banking giant Barclays over its financing of fossil fuel intensive companies.

Eleven major institutional investors, including Brunel Pension Partnership and LGPS Central, together …

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BHP faces shareholder anger over fossil fuel

Mining titan BHP is facing growing shareholder dissent over its close links with industry groups that support the fossil fuel industry – with over a quarter of its investors voting to end these affiliations. 

At the Anglo-Australian mining group’s AGM held last week, 27.07% of shareholders voted …

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BlackRock is among the companies targeted for its lobbying payments

A coalition of at least 74 investors has filed resolutions at 50 US companies asking for more disclosure of payments for lobbying, including to trade associations. The resolutions have been coordinated by Walden Asset Management and American Federation of State, County

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US climate resolutions

Four of the top ten largest asset managers in the US voted in support of a climate change-related shareholder resolution for the first time ever during 2017 research by Fund Votes for the pressure group, Ceres has found.

The asset …

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