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BlackRock, Vanguard climate and social voting records continue to disappoint
01 December 2020Asset managers' proxy voting record on shareholder resolutions for climate and social issues continued to disappoint in 2020, according to a report by ShareAction, with US giants BlackRock, Vanguard and Capital Group among the worst performers.
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UK pension fund shifts half its assets amid tightened climate policy
29 July 2020UK pension fund Nest has strengthened its climate change policy as it targets net-zero carbon emission by 2050, divesting from coal and other controversial fossil fuels and diverting almost half its assets to 'green' investments.
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Mutual trusts 'lack engagement policies'
18 December 2019Pension scheme master trusts are reported to be giving attention to environmental, social and governance (ESG) issues in their asset allocations, but remain lacking when it comes to the stewardship of their investments.