Featuring a call to action, 12-step action plans and report card looking at the practices of the world's 50 largest asset managers. 2/n
As far as current practice is concerned, it's inconsistent, at best. 84% of managers received an E or a D. 3/n
46% identify corporate lobbying conduct as an engagement issue in their stewardship policy or sustainability reports, 32% provide public information on their own trade association affiliations, 20% voted consistently for a sample of related disclosure resolutions. 4/n
We offer recommendations on getting better data, changing behaviours and making more compelling arguments. 5/n
Utimately, investors cannot pretend to address long term #ESG concerns without looking at policy capture, because issues like climate or inequalities play out largely in the policy arena. This is an opportunity to address conflicts of interests. This is their call to action. /end
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