LGIM to use vote to put pressure on firms to take climate change action

LGIM climate change

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 economy.… Read the rest

UK businesses and government should do more on human rights

UK human rights business

The UK government should impose a duty on all companies to prevent human rights abuses with the failure to do so becoming an offence, the parliamentary joint committee on human rights has recommended in its report on human rights and business.… Read the rest

Global sustainable investment assets rise sharply

Global Sustainable Investment Alliance

The Global Sustainable Investment Alliance (GSIA) has released its biennial Global Sustainable Investment Review 2016, which shows that global sustainable, responsible and impact (SRI) investment assets reached $22.89 trillion at the start of 2016,  25% more than in 2014.

The report brings together the findings of the sustainable investment forums from Europe, the United States, Canada, and Australia and New Zealand.… Read the rest

Minister urges FTSE 350 CEOs to improve staff diversity

FTSE 350 staff diversity

Business Minister Margot James has written to the chief executives of all FTSE 350 companies urging them to improve diversity and inclusion in the workplace.

This follows the publication of the findings of a review led by Baroness McGregor-Smith last month.… Read the rest

OECD: Guidance for institutional investors launched

OECD Corporate Governance Principles

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 Principles for Responsible Investment (PRI) which is leading a project to support investors to adhere to the OECD guidelines.… Read the rest

Deutsche Börse announces sustainable finance initiative

Deutsche Borse ESG

The German stock exchange, Deutsche Börse, is to launch a sustainable finance initiative in May with the aim of establishing new interdisciplinary structures for sustainable entrepreneurship along with some 100 of the financial centre’s key participants in order to explore new business areas.… Read the rest

World’s most ethical companies revealed

worlds ethical companies

The world’s most ethical companies in 2017 have been reveal by Ethisphere. The thinktank, which aims to measure and standardise ethical business practice, has identified the 124 companies spanning five continents, 19 countries and 52 industry sectors.

Since 2007 Ethisphere has been honouring the companies which  recognise their role in society to influence and drive positive change in the business community and societies around the world.… Read the rest

Do investors need more ESG experts?

France vigilance law

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 of the investor signatories to the Principles for Responsible for Investment (PRI) do not employ any ESG specialists and that a further 20% employ only one such expert.… Read the rest

Corporate Human Rights Benchmark launched

Corporate Human Rights Benchmark launched

The Corporate Human Rights Benchmark for 2017 has been revealed the performance results of the world’s leading companies in its publication this week.

The benchmark assesses 98 of the largest publicly traded companies in the world on 100 human rights indicators.… Read the rest

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 shareholder resolutions during the 2017 proxy voting season.… Read the rest