stewardship Archives

ShareAction: Investors to oppose BP and Shell’s pay policies

Responsible investment pressure group, ShareAction is calling on investors to oppose the executive pay policies of oil companies, Shell and BP, arguing that they are not aligned with the long-term interests of shareholders.

ShareAction said that the remuneration for

Guidance on stewardship code in Japan published

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 …

Shareholder advisors group announces review of its best practice principles

The 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 …

LGIM to use vote to put pressure on firms to take climate change action

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 …

MPs call for toughening up of UK corporate governance rules

Directors 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 …

Boards need to work to rebuild trust in business

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 …

OECD: Guidance for institutional investors launched

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 …

New stewardship guidance for DB schemes

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 …

Do investors need more ESG experts?

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 …

US investors secure climate risk commitment from BlackRock

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 …