Ex-GPIF CIO calls for asset owners to be broader, deeper and more coordinated on climate engagement, warning they cannot diversify away from risks. Asset owners in the Asia-Pacific region are not yet giving clear net zero mandates to asset managers, according to a new landmark study. More than 40% of asset managers said the absence of client mandates aligned with…

[Sponsored content] It has taken quarter of a century, but responsible investment has gone from niche outlier to core pillar of mainstream strategies – with its own set of reporting standards, regulations and policies. The post Actions Speak Louder Than Disclosure appeared first on ESG Investor.

2024 policy also recommends votes against nominating committees at boards without a 40% minimum ethnic diversity and 50% gender balance.  ESG-aligned investors have been advised to vote against company boards that seek to challenge shareholder resolutions through the courts, as part of As You Vote 2024 Proxy Vote Guidelines.  The new policy comes in reaction to ExxonMobil’s unusual move this…

Leaders are emerging from the pack, but benchmark study suggests schemes continue to lag behind on transition progress.  Canadian pension funds have been challenged to raise their climate ambition to keep pace with international counterparts, having made limited progress over the last 12 months.   “We can’t solve the climate crisis without Canada’s largest asset owners and managers getting involved,” said…

Leaders are emerging from the pack, but a benchmark study suggests schemes continue to lag behind on transition progress.  Canadian pension funds have been challenged to raise their climate ambition to keep pace with international counterparts, having made limited progress over the last 12 months.   “We can’t solve the climate crisis without Canada’s largest asset owners and managers getting involved,”…

The SEC today paused implementation of the climate rules the agency rolled out less than one month ago, in the face of significant legal challenges in numerous federal lawsuits.  The rules would impose substantial disclosure mandates on companies, including concerning the costs of extreme weather events, corporate strategies for addressing climate change, corporate governance procedures and, for many companies, greenhouse gas emissions….