ESG moves up energy agenda thanks to investor pressure
08 Sep 2022As Liz Truss starts settling into Downing Street, we wanted to share how we think her proposed policies could impact your investments. We also wanted to remind you of how we’re managing your investments through the current, troubled UK economy.2 min
02 Sep 20221 min
We are able to vote for, or against, climate plans put forward by companies
A recent example is our rejection of commodities giant Glencore’s climate proposals for not going far enough to protect the environment, and for not being close enough to the stated Paris Accord carbon reduction goals.
We are able to support or put forward shareholder resolutions on ESG to be voted on by all shareholders
A recent example of this was our support of the proposal put forward by Boeing to improve their reporting on their progress to net zero to align with the Paris Agreement goal of limiting global warming to 1.5⁰C. This was passed with 91% of shareholder support.
We are able to conduct ongoing engagement with respective companies
This involves conversations with board members, CEOs and sustainability heads to find ways to put shareholder resolutions into actual plans. One recent example of this is our advocacy for absolute carbon reduction targets at large oil companies, rather than simply carbon intensity targets. This is because carbon intensity targets may actually allow carbon production to increase with company growth.