stewardship Archives

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 …

Responsible Investment disclosure quality varies greatly

Responsible investment disclosures: mind the European gap

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 …

Purposeful Company Task Force: Corporate governance reform could boost UK economy

The UK’s Purposeful Company Task force, set up by the Big Innovation Centre, has called for major changes in corporate governance, asset management and backed the Financial Reporting Council’s proposal for company’s to report on how directors are …

Italian shareholder association formed to protect investors

An Italian shareholder association has been formed to protect the group minority, with a particular focus on listed small and medium-sized enterprises (SMEs).

The Italian Association for the Exercise of Shareholders’ Rights, AIEDA, has been set up by a …