Nearly nine in 10 investment professionals doubt that climate risks are being correctly priced into company valuations, a major poll reveals. The survey, conducted by the prominent Global Sustainable Investment Alliance (GSIA), found an overwhelming 87% of respondents do not believe markets are consistently and correctly pricing climate risks into company and sector assessments. Disbelief […]
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A group of investors are urging industry giants BlackRock and JPMorgan to review their proxy voting records amid concerns they don’t match the firms’ public declarations about climate change. Mercy Investment Services and Boston Trust Walden have written to BlackRock and JPMorgan respectively, expressing disappointment that the companies’ voting practices appear inconsistent with their statements […]
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Stewardship moves beyond box ticking The Financial Reporting Council (FRC) has published a new UK Stewardship Code which is due to come into effect on 1 January 2020. The revised Code has set a higher standard for how money is invested on behalf of UK savers and pensioners that the FRC said reflects “the changing […]
Read MoreGovernance Publications, Reports & Surveys Minerva’s extensive database and industry contacts allow us to provide you with an in-depth look at and wider perspective on corporate governance and corporate social responsibility issues. Remuneration The Manifest Total Remuneration Survey The Manifest Total Remuneration Survey is the latest in a continuous series of independent, non-partisan reports which takes an […]
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Environmental groups take aim at US corporates Eleven of the world’s leading environmental groups have written an impassioned open letter imploring America’s big corporates to step up their climate change efforts. The letter, published in the New York Times, urged CEOs of US corporations to adopt science-based climate policies to help achieve net-zero emissions by […]
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This Minerva Analytics briefing looks at voting trends and shareholder dissent at the top 350 UK companies. The briefing identifies the number of companies that received more than 20% on a resolution and the long-term trends in dissent, as well as examining resolution outcomes and shareholder proposals. Minerva Briefing on 2019 Voting Review is available […]
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Investors need courage of their ESG convictions Asset owners must have the courage of their convictions to push forward with ESG policies – particularly when relevant data is hard to come by. That was one of the overarching messages from a panel hosted by Minerva Analytics’ Sarah Wilson at the first Responsible Asset Owners Global […]
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ESMA pulls back from ESG legislation for rating agency methodology On July 18, the European Securities and Markets Authority published technical advice to the European Commission outlining its reluctance to compel these firms to include ESG factors in their analysis, preferring to issue guidelines for them to follow. Credit rating agencies will not be forced […]
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Corporate climate ignorance poses threat to pensions Nearly half of major companies in the highest polluting sectors worldwide are failing to weigh up how climate change will affect their businesses. The findings come from the State of the Transition report compiled by the Transition Pathway Initiative, an organisation backed by asset owners and fund managers, […]
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