Activist institutional investors, the public pension fund CalSTRS and Jana Partners, have begun a campaign calling on the technology giant, Apple, to consider the evidence that children that are excessively using electronic devices, such as its I-phone, may be damaged by this and to support parents to control their usage. In an open letter to […]
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In the opening remarks of his New Year press conference South Korea’s President, Moon Jae-in promised to push for corporate governance reform through the introduction of a stewardship code and improvements in shareholders’ voting rights. He admitted that the reform of the traditional chaebols or conglomerates was needed and he said it was important from the […]
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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 management firms that voted for the first time in favour of a climate-related proposal were […]
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Global mining and oil company BHP said it intends to pull out of the World Coal Association (WCA) over its position on climate change. This follows the publication of a review of industry associations that have an active position on climate and energy policy analysing if these views are materially different to its own position. The report […]
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The Task Force on Climate-Related Financial Disclosures (TCFD) has revealed it has public support from 237 companies with a combined market capitalisation of over $6.3 trillion, which includes 150 financial firms responsible for assets of over $81.7 trillion. The TCFD announced the growing support at the One Planet Summit hosted by French President Emmanuel Macron, […]
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French banks are taking the lead on managing climate-related risks according to research by responsible investment pressure group, ShareAction. While French banks have shown leadership in green banking encouraged by legislation ShareAction said that few European banks have yet to put in place a coherent action plan for climate-related risk management despite the demands of […]
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Pension plans across Europe believe environmental, social and governance (ESG) will become an increasingly important part of their investment strategies according to a recent survey by Create Research. The research included a survey of 161 pension plans with total assets of €1.71 trillion and more in-depth interviews with 30 senior executives. The author, Professor Amin Rajan, wanted […]
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The European Commission has launched a consultation to gain views on how asset managers and institutional investors could include environmental, social and governance factors when taking decisions. The consultation follows up on one of the eight early recommendations delivered by the High-Level Expert Group on Sustainable Finance which published its interim report in July 2017. The group […]
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The World Business Council for Sustainable Development (WBCSD) used the COP 23 UN climate change meeting in Bonn to publish its 2017 progress report on the Low Carbon Technology Partnerships initiative (LCTPi) which shows the action companies are taking to combat climate change. The report revealed that over 20 new companies joined LCTPi in 2017 bringing the total number […]
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With the latest round of United Nations climate change talks – the Conference of the Parties (COP 23) – taking place in Bonn, Germany 6-12 November two reports showed that despite the breakthrough achieved in Paris in 2015 more drastic action is still needed to cut greenhouse gas (GHG) emissions and stall the rise in global […]
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