Members of the largest investor coalition focused on convincing the corporate world to act on climate change rarely flex their muscles to pressure the worst polluters, an analysis of shareholder voting records and interviews with members show.
Climate Action 100+ , set up in 2017, comprises more than 700 investment firms representing $68 trillion in assets.
Shareholder voting data reviewed by Reuters, however, shows that investors in the group refrain from using the biggest weapon in their arsenal - the ability to vote against board directors - even when the polluting companies refuse to act. "There are lots of asset managers not even aligned with CA100+ objectives," said Xander Urbach, responsible investment advisor at Dutch fund manager MN, which leads CA100+'s engagement with oil and gas giant ShellCA100+ said in a statement it was a voluntary initiative and cannot tell signatories what to do.
Most CA100+ members seek to persuade companies to do more on climate through "engagement", which involves lobbying corporate executives and directors, rather than voting to oust them, several members told Reuters.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Russia’s Largest Bank to Allow Retail Investors to Trade Digital Assets – Finance Bitcoin NewsMajority state-owned lender Sberbank is preparing to allow Russian citizens to buy and sell digital financial assets.
続きを読む »
49ers to complete Leeds takeover with NBA players Nance, McConnell as minority investorsThe San Francisco 49ers ownership group has reached an agreement to take over English soccer club Leeds with NBA players Larry Nance Jr. and T.J. McConnell joining as minority investors.
続きを読む »
Nigeria regulator says Binance not registered and must stop soliciting investors: ReutersBinance has been ordered to stop operating in Nigeria by the country's markets regulator, which claims the exchange is unregistered.
続きを読む »
ETF Flows Sputter as Investors Favor Defensive StrategiesWhile a rally in tech stocks is bringing back memories of pandemic-era market euphoria, fund flows paint a more cautious picture
続きを読む »
Cardano (ADA) Profitable for Only 5% of Investors, What's Next?Cardano's profitability is notoriously bad, but we have not seen values like that in long time
続きを読む »
Investors are eyeing China's neighbors as the recovery from 'zero-Covid' slowsStock markets in South Korea, Japan and India are beneficiaries of the disappointing economic data that has clipped confidence in China.
続きを読む »