Guidance on Stewardship Code for institutional investors in Japan to perform their duties effectively has been published by the Principles for Responsible Investment (PRI), the United Nations Environment Programme Finance Initiative (UNEP FI) and the Generation Foundation as part of its series on Fiduciary Duty in the 21st century. The Japan Roadmap outlines recent developments led by the government […]
Read MoreThe charter signatories to the Best Practice Principles for Shareholder Voting Research & Analysis (the BPP Group), which includes Manifest, will review its principles by the end of 2017 following a public consultation overseen by Chris Hodge, the new independent chairman of the BPP Group’s review committee. The update will include addressing the transparency requirements for proxy […]
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Legal & General Investment Management (LGIM) will be using its shareholder vote at company AGMs to put pressure on companies to take action to respond to climate change and demonstrate they are taking measures to move to a low carbon economy. Last year LGIM committed to its climate impact pledge, which meant that companies would […]
Read MoreDirectors should be required to take their corporate governance and legal duties more seriously the House of Commons Business, Energy and Industrial Strategy select committee believes. The committee’s report on corporate governance was published this week. While the MPs state that there is no need for a radical overhaul of corporate governance in the UK, “We do […]
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Encouraging responsible leadership by company boards so that businesses contribute to wider society was the theme of the recent discussion organised by the European Confederation of Directors’ Associations (ecoDa) and Standard Life Investments. This was building on a vision of the role of business begun by the World Economic Forum. Entitled Building trust in boards – supporting responsive and […]
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The Organisation for Economic Co-operation and Development (OECD) has published its paper, Responsible Business Conduct for Institutional Investors, which explains how they can apply the OECD Guidelines for Multinational Enterprises. The paper was launched online by the UN’s Principles for Responsible Investment (PRI) which is leading a project to support investors to adhere to the OECD guidelines. The […]
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The UK’s Pensions Regulator, TPR, has issued new investment guidance for defined benefit pension schemes including expanded duties on stewardship, sustainability, ESG and voting issues. The guidance follows the common principles set out in TPR’s DC investment guidance together with some specific considerations relevant to defined benefit schemes. Commenting on the new guidance, Sarah Wilson Manifest […]
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Yes, says UK-based environmental think tank, E3G, which also believes global investors to rapidly increase their environmental, social and governance (ESG) capacity and to train all staff to be aware of ESG issues. According to E3G’s research, a third of the investor signatories to the Principles for Responsible for Investment (PRI) do not employ any ESG specialists and that a further […]
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US responsible investment investors have secured a greater commitment from asset management giant BlackRock that it will be engaging with its investee companies on climate risk. The group hopes that this could also mean BlackRock supports some climate change shareholder resolutions during the 2017 proxy voting season. Walden Asset Management, the Center for Community Change, the City […]
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Despite being signatories to the Principles for Responsible Investment, the RI disclosures of Europe’s largest asset managers are extremely varied in quality, according to new research by advocacy group, ShareAction. ShareAction rated the disclosures of 40 leading fund managers which collectively invest over €21 trillion (£18 trillion) on behalf of pension schemes, charities, universities, and individuals across the […]
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